The RBA has remained ‘STET’ on their monetary policy, although the latest quarterly CPI number (set to be released this coming week), may influence the Central Bank and certainly drive speculation. The AUD has recently slipped below 0.6700, due to US Dollar strength and resurgent US Bond Yields. The RBA reaction to this coming weeks CPI inflation numbers may well determine the future of the AUD/USD.
Current Level: 0.6630
Resistance: 0.6800
Support: 0.6500
Last Weeks Range: 0.6612- 0.6716