Aussie Steadies, Kiwi Holds Ahead of RBA Decision
AUD/USD has weakened in recent weeks as a firmer U.S. dollar and expectations of further Federal Reserve rate increases weigh on the pair, though it recently bounced near 0.7000. The Reserve Bank of Australia’s upcoming policy decision is a key near-term catalyst, with a 25-basis-point hike widely expected after stronger labor-market data; Australian inflation and the bank’s guidance on further tightening will also be watched. U.S. inflation, manufacturing and employment releases could shift expectations for Fed policy and add to currency volatility. A separate technical assessment says AUD/USD’s broader bullish structure remains intact, identifying resistance near 0.7223 and support around the 50-day average at 0.7059.
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