RBA sticks to script; AUD slightly higher

The AUD/USD is back above .9000 after the RBA left rates unchanged and kept the statement language pretty much unchanged as well.

AUD/JPY has rebounded back toward session highs but will probably struggle again on the approach to 90.00/10.

  1. hi Sean good day, may I ask what your current view to EURAUD, after rejection from 1.50, it been fall till 1.46, are you looking this pair as buy dips in medium term or you think that it may start trade a bit lower from this lvl already? the weekly pin bar may me think that we may see a bit lower, and based on your analysis saying that the coming election may face the short covering, so should support AUD from here?

  2. Hi Jack, I think 14350/15000 consolidation in coming weeks but prefer buy-dip bias for test of 155/157 maybe by Christmas. Maybe post-election bump for AUD may be perfect buy opp for EUR/AUD (but I much prefer GBP/AUD as buy opp)

  3. Hi Tom, yes quite possible I think. It looks very overbought at current levels still and is prone to some modest retracement I would think? Long-term higher but short-term pullback likely imho

Leave a Reply

Your email address will not be published. Required fields are marked *