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Dec 19 - 09:55 PM

AUD/USD - RBA Minutes Suggest More Hikes But With Option To Pause

By John Noonan  —  Dec 19 - 07:50 PM
  • The RBA minutes reveal they considered pausing when they met in December nS9N32B00B

  • RBA indicated more hikes ahead, but they will be flexible on timing

  • Minutes say they could increase sized of rate hikes from 25 bps or pause

  • RBA remains data dependent, but acknowledged upside risks to wage growth

  • The AUD/USD is slightly lower below 0.6695 from earlier high at 0.6705

  • Support is at the 100-day MA at 0.6665 with bids eyed around 0.6675

  • Resistance is at the 21-day MA at 0.6741

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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