Price Movement Since yesterday, AUD/USD moved down by around 40pips.
Trend AUD/USD is trending upwards.
Important Issue This morning at 0930 (SGT), RBA released the Monetary Policy Meeting Minutes. The minutes highlighted that: - “Growth had slowed markedly in the second half of 2018 compared with the first half.” - “Conditions in the established housing market had remained weak in recent months.” - “The labour market had continued to improve in early 2019, despite the slowing in growth recorded in the national accounts through 2018.” - “In Canada, New Zealand and Australia, financial market pricing implied that declines in policy rates were expected in the coming year or so.”
Technical This morning, AUD/USD tested and rejected the 0.71750 resistance level.
Price Levels Current Price: 0.71473 Next Resistance: 0.71750 Next Support: 0.70650