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AUD/USD climbs above a key resistance level after the RBA decision

03/08/20211 min. read

The latest reports by economic analysts indicate that AUD/USD broke key resistance after the RBA decision. In particular, we are reading that: 



AUD/USD climbs above a key resistance level after the RBA decision on Tuesday. Technical analysts suggest:


  • AUD/USD rose almost 30 pips after the Reserve Bank of Australia’s (RBA) hawkish announcement, on Tuesday.


  • The pair traded at 0.7380, slightly above last week’s low of 0.7330.


  • After completing its monthly meeting on Tuesday morning, the RBA left the interest rate unchanged at 0.10%.


  • The RBA also came to the decision to keep its quantitative easing policy, continuing the tapering of the bond-buying program after early September.


  • Market sentiment decreased amid mixed clues regarding covid and stimulus.


  • US Treasury yields recessed after the lowest daily closing since February, while stock futures received slight gains.


(Source: )

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