By John Noonan — Apr 17 - 09:45 PM
AUD/USD edging higher and is above 0.6710 after release of April RBA minutes
RBA confirmed the April pause was a hawkish one by saying they considered hiking nS9N34G024
RBA minutes left door open for more tightening -depending on incoming data
Market pricing in a 30% chance of a hike in May - up from 20% before minutes
AUD/USD resistance is at yesterday's 0.6725 high
A break above 0.6730 targets the 100-day MA at 0.6800
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary