AUD/USD chart - Trading View
AUD/USD was trading 0.28% lower on the day at 0.7263 at around 04:45 GMT, pausing 3 days on upside.
The Reserve Bank of Australia (RBA) matches wide market expectations of keeping the benchmark rate, bond purchases intact.
In its monetary policy announcement on early Tuesday, the RBA held the benchmark interest rate unchanged at 0.10%, also keeping the weekly bond purchase at $4.00 billion.
The policy statement that followed raised doubts over the Aussie economic expansion due to the pandemic-led local lockdowns.
Earlier in the day, Australia's trade surplus unexpectedly grew to a record in August as strength in liquefied natural gas and coal exports more than offset a pullback in iron ore prices,
Data from the Australian Bureau of Statistics showed international trade jumped to A$15.1 billion ($11.0 billion) in August, from A$12.7 billion the month before, beating analysts' forecasts of a drop to A$10.3 billion.
Exports climbed 4.1% in the month to A$48.5 billion, while imports fell 1.5% in August to A$33.4 billion. Australian goods exports to China alone stood at A$18.6 billion in August, up 55% on a year earlier.
Market sentiment remained sour amid China woes, anxiety over US stimulus and debt ceiling extension.
AUD/USD remains depressed amid sluggish market mood. Additionally, a jump in Australia’s total covid infections weighs on the Aussie.
Focus now on the US ISM Manufacturing PMI and final reading of Markit PMI for September for further direction.
Technical bias for the pair is neutral, decisive breakout above 21-EMA could change near-term dynamics.


FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: GBP/USD dips lower on negative UK retail sales data
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY downside pressure builds, key support level In focus
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD moves lower on weak UK data
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major European Indices
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 



