RBA Leaves Cash Rate Unchanged At 2.25% , AUDUSD tests 0.7700 before the next fall !

The Reserve Bank of Australia left the cash rate unchanged at 2.25% in its monthly monetary policy meeting .The Australian Dollar immediately bounced back and rallied towards 0.7700 levels ..

In its monetary policy  ,the RBA expects inflation to continue within the Central bank’s target band in the near future, it’s also expect the Australian dollar to weaken against US dollar and other currencies …

However ; the AUDUSD jumped to the key resistance 0.7694 , the pair is likely to consolidate below this level before the next possible fall , or till FOMC meeting tomorrow !!!!!!!

 

AUDUSD_RBA _Apr 07

 

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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