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AUD/USD inching closer to 0.80 pre-RBA rate judgment

0.80 closeness may be crucial to May 5 RBA rate decision 0.7919 is four week high after stops tripped above 0.79 More stops seen at 0.7920-25 & above 0.80 Interest rate futures show 50% probability of 25bp RBA rate cut n…

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  • 0.80 closeness may be crucial to May 5 RBA rate decision

  • 0.7919 is four week high after stops tripped above 0.79

  • More stops seen at 0.7920-25 & above 0.80

  • Interest rate futures show 50% probability of 25bp RBA rate cut next week 

 

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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