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TDUX
Aug 11 - 02:55 AM

AUD/USD - Recovers From Initial Slide After RBA Holds Steady

By James Connell  —  Aug 11 - 12:41 AM

• AUD/USD flat Tue after RBA holds its policy rate steady at 4.35% as expected

• RBA: inflation risks titled to topside, housing market weaker than expected

• RBA Governor Bullock to address post-meeting press conference 0530 GMT

• AUD resistance at 0.7088 pivotal, expect stop-loss buying on break above

• U.S. & Iran both seeking reparations, likely to stall peace negotiations

• AU Q2 wage price index, and U.S. Jul CPI due Wed, U.S. Jul PPI due Thur

• RBA Assistant Governor Christopher Kent fireside chat in Sydney Thur

• Range Asia 0.70375-615 support 0.6920 0.6866, resistance 0.70885 0.7200
AUD Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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