A look at the AUDUSD ahead of the RBA Rate Statement at 2:30pm

RBA Rate Statement at 2:30pm

 

Retail Sales were out at 11:30am and came in under expectations which sent the AUDUSD lower. The interest rate announcement and statement at 2:30pm may give the AUDUSD another nudge lower….its all the statement and RBA outlook for interest rates. Will they take into account the recent equity selloff or lean to an interest rate rise?

We see major resistance at 0.7955 holding down the current trend with support due to come in around 0.7805.

Expectations are for rates to be left on hold at 1.50%

AUDUSD