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AUD/USD stuck just below 0.7200 as RBA continues to deliver little movement

  • The Aussie is struggling to find bullish momentum, holding at the low end for this week.
  • A frigid RBA remains well-planted in their current no-move trajectory.

AUD/USD remains little-moved in early Tuesday trading after the Reserve Bank of Australia (RBA) held to their wait-and-see mantra for another month.

RBA minutes: no strong case for a near-term adjustment in monetary policy

The RBA noted that they expected inflation to be a touch higher than it actually came in this year, targeting over 3% instead of the actual 2.8%, and the Aussie central bank applauded itself for being a point of "stability and confidence" for the Australian market, meaning the RBA is well off from making any changes to their current policy, in either direction.

The Aussie is comparatively unmoved following the release, sticking close to 0.7180, where the AUD has been flatlining since slipping back below the 0.7200 handle in late Monday trading, and the thinly-moving AUD/USD has little reason to shift its position through Tuesday.

AUD/USD Technical Levels

AUD/USD

Overview:
    Today Last Price: 0.7177
    Today Daily change: 1.0 pips
    Today Daily change %: 0.0139%
    Today Daily Open: 0.7176
Trends:
    Previous Daily SMA20: 0.7247
    Previous Daily SMA50: 0.7194
    Previous Daily SMA100: 0.7224
    Previous Daily SMA200: 0.7392
Levels:
    Previous Daily High: 0.7188
    Previous Daily Low: 0.7168
    Previous Weekly High: 0.7247
    Previous Weekly Low: 0.7151
    Previous Monthly High: 0.7345
    Previous Monthly Low: 0.7072
    Previous Daily Fibonacci 38.2%: 0.718
    Previous Daily Fibonacci 61.8%: 0.7175
    Previous Daily Pivot Point S1: 0.7166
    Previous Daily Pivot Point S2: 0.7157
    Previous Daily Pivot Point S3: 0.7146
    Previous Daily Pivot Point R1: 0.7187
    Previous Daily Pivot Point R2: 0.7198
    Previous Daily Pivot Point R3: 0.7207

 

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