AUD: Oversold ahead of RBA decision?
This week, the Reserve Bank of Australia (RBA) is holding its final board meeting of the year to decide on the cash rate.
For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.
Those anticipating a rate cut from the RBA might have to wait until next year though as underlying inflation remains too high.
ANZ and Westpac expect cuts in May. NAB projects cuts will happen in the June quarter. The Commonwealth Bank, however, continues to forecast a cut in February.
AUD/USD’s decline resumed last week, extending from the start of the month. This movement has pushed the Relative Strength Index (RSI) toward oversold territory, indicating potential for a short-term rebound. The next significant support level is possibly around 0.6360.
For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.
Those anticipating a rate cut from the RBA might have to wait until next year though as underlying inflation remains too high.
ANZ and Westpac expect cuts in May. NAB projects cuts will happen in the June quarter. The Commonwealth Bank, however, continues to forecast a cut in February.
AUD/USD’s decline resumed last week, extending from the start of the month. This movement has pushed the Relative Strength Index (RSI) toward oversold territory, indicating potential for a short-term rebound. The next significant support level is possibly around 0.6360.
Import the BlackBull Markets Economic Calendar:
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium with BlackBull Markets: blackbull.com/en/platforms/tradingview/?utm_source=tradingview
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium with BlackBull Markets: blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.