Chart - Courtesy Trading View
AUD/USD was trading 0.59% higher on the day at 0.7088 at around 03:10 GMT.
The Australian dollar finding bids ahead of the Reserve Bank of Australia (RBA) interest rate decision.
The Reserve Bank of Australia (RBA) is expected to deliver a hawkish monetary policy outcome and Interest Rate Decision at 04:30 AM GMT later on Tuesday.
Markets expect the RBA to lift its 0.1% cash rate to 0.25% and follow with a move to 0.5% in June.
Futures imply a whole string of hikes taking rates to around 2.5% by the end of the year and to 3.5% by the middle of 2023.
Focus will be on the monetary policy Rate Statement that follows for cues on near-term AUD/USD moves.
Technical bias for the pair is majorly bearish. Oversold conditions may cause some pullbacks. However, retrace is likely to be limited.


AUDJPY Holds Steady on New Year's Eve Lull: Bullish Bias Intact Above 103.80 – Buy Dips Targeting 107
Ethereum Coils in Tight Range: Bullish Signals Emerge – Buy Dips Targeting $3600
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Major Pair levels and bias summary
Bitcoin's Brutal 2025: Down 6.7% YTD, Hovering at $88K – Buy the Deep Dip at $67K Targeting $125K?
FxWirePro: AUD/USD sustains gains as uptrend remains strong
NZDJPY Outlook: Sell the Rallies as Downtrend Persists Below 91.50
EURJPY Holiday Lull: Tight Range Above 183 Keeps Bullish Bias Alive – Buy Dips Targeting 186-187
GBP/JPY Bounces Off 210 Support: Bullish Bias Intact – Buy Dips Targeting 212
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD bears regain grip as greenback firms
AUD/JPY Holds Steady with Bullish Undertones: Buy the Dips Targeting 107
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro:AUD/USD attracts selling interest, could be on verge of a bigger drop 



