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Apr 17 - 10:55 PM

AUD/USD - Moves Higher After RBA Minutes Said Hike Was Considered

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

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