The Reserve Bank of Australia (RBA) forwarded an optimistic message but positivity is tampered by the restart of lockdown restrictions in Melbourne. Terence Wu, an FX strategist at OCBC Bank, expects the aussie to see some intraday pressure. Key quotes “The RBA kept policy rates unchanged. The RBA continued to peddle an optimistic message, highlighting that the ‘downturn has been less severe than earlier expected’. Nevertheless, the second wave of cases in Victoria, and the re-imposition of lockdown measures in Melbourne should dampen expectations somewhat.” “We expect the immediate upside in the AUD/USD to be curtailed somewhat and will not rule out the possibility for the pair to trade lower in the coming sessions.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Consolidation A Pause Before A Fresh Concerted Move Higher; Negates Below 1.1185 – Credit Suisse Kenny Fisher 3 years The Reserve Bank of Australia (RBA) forwarded an optimistic message but positivity is tampered by the restart of lockdown restrictions in Melbourne. Terence Wu, an FX strategist at OCBC Bank, expects the aussie to see some intraday pressure. Key quotes “The RBA kept policy rates unchanged. The RBA continued to peddle an optimistic message, highlighting that the ‘downturn has been less severe than earlier expected’. Nevertheless, the second wave of cases in Victoria, and the re-imposition of lockdown measures in Melbourne should dampen expectations somewhat.” “We expect the immediate upside in the AUD/USD to be curtailed somewhat and will not… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
