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Feb 17 - 09:55 PM

AUD/USD - Focus On USD Sentiment To Return Post-RBA Decision

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

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