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May 04 - 02:55 AM

AUD/USD - Edges Higher After RBA Sticks To Script

By John Noonan  —  May 04 - 12:38 AM
  • AUD/USD up around 5 pips to 0.7745/50 after RBA remained on hold

  • RBA Statement similar to March Statement with few tweaks nAZN014VMC

  • RBA guidance remains the same with cash rate unlikely to rise ahead of 2024

  • RBA to provide more details when they release Quarterly SOMP on Friday

  • AUD/USD support at 21-day MA @ 0.7717 and resistance @ 10-day MA at 0.7757

  • Direction of AUD/USD will be determined by commodities and USD direction

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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