RBA set to keep rates on hold despite elevated inflation But latest CPI report raises hope that price pressures are easing A dovish pivot on Tuesday (07:30 GMT) could further devastate the aussie Lack of progress The Reserve Bank of Australia has barely made any progress on getting inflation down in 2024, with the monthly […]
The post RBA Meets as Rate Hike Odds Fade, Aussie Sinks after CPI Data appeared first on Action Forex.
Daily Pivots: (S1) 1.6502; (P) 1.6566; (R1) 1.6682; More… Intraday bias in EUR/AUD remains on the upside for the moment. Corrective pullback from 1.7180 could have completed at 1.6256 already. Further rise should be seen Read more…
Daily Pivots: (S1) 0.9322; (P) 0.9364; (R1) 0.9389; More…. Further decline is expected in EUR/CHF with 0.9444 resistance intact, despite relatively weak downside momentum as seen in 4H MACD. Rebound form 0.9029 should have completed Read more…
Daily Pivots: (S1) 1.3492; (P) 1.3509; (R1) 1.3519; More… Intraday bias in USD/CAD remains neutral as consolidation from 1.3439 is extending. Further decline will remain in favor as long as 1.3617 resistance holds. On the Read more…