FX News

AUD/USD Transfer

The RBA has been less than certain in their policy narrative over recent times. The inflation numbers have been steadily falling, in line with market expectations, but the RBA Governor has been very nervous in her commitment to future rate moves. Markets are looking for a clear direction and continued declines in the CPI, will give some certainty, but any
aberration will draw an immediate hawkish reaction. The AUD has fallen from early 2024 highs of 0.6850, to trading below 0.6500, also a victim of the resurgent reserve currency. Keep a close eye on the Australian GDP growth number, out Wednesday, for a glimpse at the state of the economy.


Current Level: 0.6500
Support: 0.6450
Resistance: 0.6620
Last week’s range: 0.6470- 0.6530

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