News and Market Analysis

RBA Minutes what it means for the AUD

AUD is currently trading at 0.70655. There is not much news to support the Aussie and all hopes lie on the RBA minutes as we await the speech from Christopher Kent. If the AUD/USD pair continues to trade around the daily lows, bearish moves will be more likely. Wait for confirmation at a break at 0.7050 with a target set of 0.7020 followed by 0.6990. On the upside, a break beyond 0.7100 could see a bullish run towards 0.7132 followed by 0.7175.

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