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Apr 30 - 07:55 AM

AUD/USD - Holds Below 0.78 As Month-End Looms; RBA Next Week

By Rob Howard  —  Apr 30 - 06:17 AM
  • AUD/USD has traded a 24 pip range thus far Friday, 0.7760-0.7784

  • Those parameters are within Thursday's 0.7751-0.7818 range

  • 0.7818 = six-week high, courtesy of dovish Fed nL1N2MK0XOnL1N2MM01S

  • RBA monetary policy announcement next week (May 4) nL1N2MN07D

  • Debelle will then speak about "Monetary Policy during Covid" on May 6

  • 0.7726 (Wednesday's low on Aussie CPI miss) is a support point below 0.7750

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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