By James Connell — Feb 17 - 08:22 PM
• AUD/USD drifted lower in early Asia as anticipation builds pre-RBA
• Economists and market expect 25bps cut, focus is on statement
• Barring shock revelations, traders will move on quickly from RBA
• Attention will return to USD, evolving views on U.S. exceptionalism
• If 0.6330 inflection point is tested/holds, will become new support
• AUD range 0.63405-0.63615, support 0.6230, resistance 0.6550
AUD midday RBA day
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters