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Thomson Reuters
Feb 06 - 02:36 AM
AUD/USD - Volatile As RBA Expectations Shift Again
First appeared on eFXplus on Feb 05 - 10:45 PM
  • The AUD/USD has see-sawed in the past 24 hours on shifting RBA expectations
  • RBA statement yesterday was upbeat and led to a short-covering rally higher
  • RBA Governor Lowe's speech today was caution and sent the AUD/USD 1% lower
  • More downside likely, as RBA shifted bias from slightly bullish to neutral
  • AUD/USD low so far at 0.7160 with 61.8 of 0.7076/0.7295 move at 0.7159
  • Break below 0.7150 likely to result in test of 0.7076 in coming sessions

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