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Derived real-time data in partnership with:
Thomson Reuters
Aug 07 - 02:36 AM
AUD/USD - Little Change As No Surprises From RBA
First appeared on eFXplus on Aug 07 - 12:40 AM
  • AUD/USD unchanged around 0.7390 after RBA decision/statement a non-event
  • RBA statement little changed since July's statement
  • RBA said underlying inflation in 2018 may be 1.75% due to one-offs
  • AUD/USD support at last week's 0.7348 low and key support at 0.7305/10
  • Resistance at 0.7410/15 where double-top and trend-line converge
  • Focus back to US/China trade tensions, which should cap rallies

Source:
Thomson Reuters IFR Markets

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