FX News

AUD/USD Transfer

The RBA raised rates under the camouflage of the Melbourne Cup, at their last meeting. Inflationary conditions remain a serious threat to the Australian economy and monetary policy continues to threaten. The interest rate differentials may offer some short-term benefits for the AUD, as the Fed looks to have reached ‘peak inflation’ and may look to cut rates, while the RBA has a bias to raise rates or at least extend the ‘higher for longer’ mantra.

Current Level: 0.6590
Support: 0.6555
Resistance: 0.6625
Last week’s range: 0.656 – 0.6630

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