- The RBA lists a number of risks that require lower interest rates.
- Market-based expectations suggest market participants have not fully priced the October cut.
- The pair may have reached the buy peak
The Australian Central Bank at its September meeting strongly signaled that interest rate cuts could be expected next month (October 1)
Minutes of the meeting mentioned the main economic problems: slowdown in employment growth and weaker wage growth.
These grim remarks were accompanied by many external risks, including trade wars. In the meantime, interest traders see an approximate 33% chance of a cut in interest rates next month, so I think it is possible for AUDUSD to visit lower levels in the coming days.
Technically, the pair looks like bulls have run into an obstacle