• RBA Board decided to leave the cash rate unchanged at 1.75 per cent.
   
• In the statement that followed the board noted that policy would be consistent with sustainable growth in the economy and inflation returning to target over time. 
   
• AUD/USD spiked past the 0.74 handle to hit fresh monthly highs of 0.7426.
   
• Focus now turns towards the Chinese trade figures due to be published tomorrow.
   
• Our long call (http://www.econotimes.com/FxWirePro-AUD-USD-trades-tight-range-holds-above-100-DMA-ahead-of-RBA-218093) is progressing. TP1&2 achieved.
   
• The pair finds stiff resistance by daily cloud base at 0.7452, break above could see gains upto 0.7485 levels.
   
• Supports on the downside now align at 0.74 (38.2% Fib of 0.7835 to 0.7145 fall) ahead of 0.7368 (100-DMA).