By Krishna K — Feb 09 - 08:00 PM
AUD/USD little changed as traders ponder RBA Statement on Monetary Policy
RBA revises up forecast for core inflation and wage growth
Central bank flags further rate rises, assumes peak rate of 3.75%
Markets peak rate a lot higher @ 4.16%, compared to 3.60% a few weeks back
AUD rallies falter near 0.7000-10 resistance as Fed officials talk up rates
Hawkish RBA limits downside; Tuesday U.S. CPI now key for direction
Trade 0.6900-0.7000 range within broader 0.6850-0.7050 band
Resistance 0.6950-55, 0.6990-0.7000, support 0.6900-10, 0.6880-85, 0.6850-60
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary