The AUD Cash Rate is not expected to yield much volatility, with anticipation for rates to remain at 1.50%
However, at current times, the tone of RBA statement accompanying the rate decision is now viewed as more important.
A hawkish tone from the RBA is likely to bring the AUD/USD up towards the 0.7730 level, supported by 0.7630.
While we anticipate a bullish move, it would still be prudent to read the statement first.
However, at current times, the tone of RBA statement accompanying the rate decision is now viewed as more important.
A hawkish tone from the RBA is likely to bring the AUD/USD up towards the 0.7730 level, supported by 0.7630.
While we anticipate a bullish move, it would still be prudent to read the statement first.
Trade closed: stop reached
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