RBA Interest Rates could heat up the action on the AUDUSD

AUDUSD Outlook going into the RBA announcement today at 2:30pm AEDT



The Aussie has built a major higher low and with the RBA announcement out today, we may see the action heat up. The expectations are for rates to be left on hold at 1.50% but traders will be going over the RBA statement for any clues of future rate increases. With global growth well and truly on track, buyers may start to load in to the AUDUSD to support the major higher low at 0.7553.



Current Price : 0.7627

Status : Watching now the RBA statement for buyers to trigger a move up