My anticipation is for the decision to keep the cash rate on hold.
I'll be paying attention to the tone of the statement, which will be released at the same time
I expect the statement to be similiar as previous month, indicating evidence of growth, with a statement that a weaker AUD will help.
Traders shouldnt consider this as an indication that the RBA is likely to intervene to drive prices lower.
Currently, prices for the AUD/USD is climbing, primarily due to a weakness in the USD.
Therefore, if price remains above 0.7423, we could see price approach the 0.75 level.