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Sep 02 - 09:48 PM
AUD/USD - Trading With Heavy Tone Ahead Of RBA Decision
First appeared on eFXplus on Sep 02 - 07:45 PM
  • AUD/USD opens Asia close to yesterday's low and is trading with a heavy tone
  • Market cautious as reflected in 1% fall in Lon copper and S&P futures -0.60%
  • RBA decision today is the key event for the AUD/USD with no change expected
  • Interest will be in the statement, but it will likely be similar to August nL3N25S02O
  • AUD/USD support at 0.6690 and Aug 7 trend low at 0.6677
  • Resistance at 10-day MA at 0.6744 and break would ease the downward pressure

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Refinitiv IFR Research/Market Commentary


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