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Mar 18 - 07:55 PM

AUD/USD - Opens Flat Ahead Of RBA Decision

By John Noonan  —  Mar 18 - 06:25 PM
  • AUD/USD closed unchanged Monday as rising iron ore offset rising US yields nL2N3FW0GPnL2N3FW2G8

  • AUD/USD sticky around 0.6555/60 where 21-day and 200-day MAs converge

  • A clear break below 0.6550 targets trend-line support at 0.6500

  • Resistance is at the 10-day MA at 0.6591 where sellers are eyed

  • AUD/USD likely to consolidate ahead of RBA decision later today

  • RBA to remain on hold with tone of statement likely to see AUD/USD react nL3N3FW01W

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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