The Reserve Bank of Australia is set to decide on interest rate policy in the upcoming Asian session. The Aussie has been strong so let’s take a look at some pairs. The AUD/USD is consolidation after making fresh highs, The AUD/JPY has also flattened out after a persistent rally. The AUD/NZD has been consolidating, but the decline looks corrective. Finally we’ll also look at the setups in the EUR/AUD and GBP/AUD.
Will the Aussie continue higher after the RBA meeting. Will the officials sound hawkish or dovish? We would love to hear your opinion.
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Fan Yang CMT
Chief Technical Strategist