Friday, October 16, 2026

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AUD/USD - Pops higher after RBA stays on hold

AUD/USD jumped from around 0.7605 to 0.7697 after RBA stayed on hold Market was pricing in 70% chance of cut so RBA decision a minor surprise Resistance is found at 61.8 of 0.7939/0.7534 move at 0.7785 A break above 0.78…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • AUD/USD jumped from around 0.7605 to 0.7697 after RBA stayed on hold

  • Market was pricing in 70% chance of cut so RBA decision a minor surprise

  • Resistance is found at 61.8 of 0.7939/0.7534 move at 0.7785

  • A break above 0.7800 targets the March 24 trend high at 0.793

  • RBA retained dovish bias so extended rallies may be selling opportunities 

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team