Choose country & language:

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: fxstreet.com )

Why TopFX

10-years

10-years

industry presence
as a Liquidity Provider

Spreads

Spreads
from 0.0 pips

and reliable execution

Segregated

Segregated

client funds

First-class

First-class

customer support

Open your Live Account in 3 Steps

Step 1

Fill in the registration
form and click
"Create account".

Step 2

Once you are in the client secure area, please proceed with uploading your Proof of Identity and Proof of Residence.

Step 3

When your live account is approved, you can deposit funds and start trading on your chosen platform!