AUD/USD Outlook (2nd September 2019)
Overall, AUD/USD is ranging across. Recently, AUD/USD has been ranging across.
The Australian interest rate decision and rate statement will be released tomorrow at 1230 (SGT).
The RBA is expected to hold interest rate at 1.00%.
In the previous rate statement, the RBA mentioned that it is “reasonable to expect that an extended period of low interest rates will be required in Australia to make progress in reducing unemployment and achieve more assured progress towards the inflation target”. They will also “ease monetary policy further if needed to support sustainable growth in the economy and the achievement of the inflation target over time”. Look for RBA’s view on the Australian economy and whether they are likely to adjust interest rate in the next meeting.
AUD/USD’s next support level is at 0.67000 and the next resistance level is at 0.68800.
The Australian interest rate decision and rate statement will be released tomorrow at 1230 (SGT).
The RBA is expected to hold interest rate at 1.00%.
In the previous rate statement, the RBA mentioned that it is “reasonable to expect that an extended period of low interest rates will be required in Australia to make progress in reducing unemployment and achieve more assured progress towards the inflation target”. They will also “ease monetary policy further if needed to support sustainable growth in the economy and the achievement of the inflation target over time”. Look for RBA’s view on the Australian economy and whether they are likely to adjust interest rate in the next meeting.
AUD/USD’s next support level is at 0.67000 and the next resistance level is at 0.68800.