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Nov 04 - 11:55 PM

AUD/USD - Remains Pressured As RBA Pledges Patience

By John Noonan  —  Nov 04 - 09:49 PM
  • The AUD/USD has traded as low s 0.7384 from around 0.7410 before RBA SOMP

  • RBA emphasized patience on policy despite inflation in their target band nL1N2RW01D

  • RBA reiterated they don't see wage growth warranting a rate hike before 2023

  • AUD//USD close to support at the 100-day MA at 0.7380

  • More support is at the 50% retracement of the 0.7170/0.7555 move at 0.7363

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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