Thursday, October 15, 2026

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FxWirePro: RBA on hold, AUD/USD hits new monthly high of 0.7426

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…

By FxWire Pro
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FxWirePro: RBA on hold, AUD/USD hits new monthly high of 0.7426
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  • 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).
     

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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