The Australian Dollar (AUD) has posted a fresh 2025 low earlier this morning reaching 0.4815 (2.0770) before settling around 0.4830 (2.0700). On a weekly basis the weekly close at 0.4865 (2.0560) is the lowest weekly close since December 2015. Todays RBA cash rate and statement will hold centre stage with the Central bank widely expected to keep the interest rate unchanged at 4.10% and stick with a cautious approach. With resistance now seen at 0.4855 (2.0600) it’s hard to see swings through this zone in the medium term.
Current Level: 2.0712
Resistance: 2.0850
Support: 2.0330
Last Weeks Range: 2.0388 – 2.0609