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Feb 18 - 05:55 PM

AUD/USD - Settles Post-RBA, New Impetus Incoming

By James Connell  —  Feb 18 - 04:34 PM

• AUD/USD consolidated overnight following the expected RBA OCR cut Tues

• 0.6333-67 traded quickly post-announcement, but the pair settled mid-range

• Traders looking towards AU wage price index (+0.8% expected Q/Q, due Tue)

• FED meeting minutes (due Wed), Ukraine-Russia talks may provide direction

• Recent rally intact, technical resistance at 0.6415 (38.2% Fibo retracement)

• Overnight range AUD 0.6342-0.63649, support 0.6230 0.6330, resistance 0.6415
AUD mng


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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