Overall, AUD/USD is trending upwards. Recently, AUD/USD moved higher, breaking the resistance level of 0.64200.
The Reserve Bank of Australia (RBA) kept interest rate unchanged at its effective lower bound of 0.25% earlier today and no new easing measures were introduced. Nevertheless, in the rate statement, the RBA highlighted that the government bond markets has improved and the central bank has scaled back the size and frequency of bond purchases.
AUD/USD’s next support level is at 0.64200 and the next resistance level is at 0.65500.
Look for buying opportunities of AUD/USD.
The Reserve Bank of Australia (RBA) kept interest rate unchanged at its effective lower bound of 0.25% earlier today and no new easing measures were introduced. Nevertheless, in the rate statement, the RBA highlighted that the government bond markets has improved and the central bank has scaled back the size and frequency of bond purchases.
AUD/USD’s next support level is at 0.64200 and the next resistance level is at 0.65500.
Look for buying opportunities of AUD/USD.
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