This week sees a quiet open for the Aussie on the economic calendar, but another showing of the Reserve Bank of Australia's latest Meeting Minutes is slated for late Monday.
Traders, be on the look out to see how the Aussie central bank chooses to grapple with the still-lopsided housing market within Australia's domestic economy.
Although the AUD/USD did close higher last week for the third week in a row, bullish pressure continue to mount overall for the Antipodean major pair, with China-bearish trade headlines holding a dark cloud over the Aussie in broader markets.
I wouldn't execute based on this analysis, but it is wise to keep updated on the latest news for the RBA
will update...
Traders, be on the look out to see how the Aussie central bank chooses to grapple with the still-lopsided housing market within Australia's domestic economy.
Although the AUD/USD did close higher last week for the third week in a row, bullish pressure continue to mount overall for the Antipodean major pair, with China-bearish trade headlines holding a dark cloud over the Aussie in broader markets.
I wouldn't execute based on this analysis, but it is wise to keep updated on the latest news for the RBA
will update...
Comment:
TP
Comment:
AUD/USD has softened its stance through Monday trading, sliding beneath the 0.7300 key technical figure as Aussie buyers struggled to find a reason to keep the AUD propped up against the Greenback in quiet markets to kick off the new trading week.