AUD TWI is in the middle of its range since March, which doesn’t seem noteworthy except that the RBA this week was relaxed enough about its level and outlook that it felt the need to drop the longstanding warning about the dangers to the economy of AUD appreciation, notes Sean Callow, Research Analyst at Westpac. Key Quotes “Australia’s low key calendar keeps the focus offshore, especially on US-China trade tariffs. Given AUD has appeared to be more sensitive than most to such headlines, any AUD/USD rallies to the mid-0.74s should struggle. Softer commodity prices also don’t help.” “But the Aussie should already be pricing considerable risk over trade battles and ongoing RBA optimism leaves markets still pricing the next move as a hike. A neutral weak for DXY points to AUD/USD 0.7300 holding for now, but with risks of a range break tilted lower.” 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 USD/CAD stuck in a range near 2-1/2 week lows, ADP report/FOMC minutes eyed FX Street 3 years AUD TWI is in the middle of its range since March, which doesn't seem noteworthy except that the RBA this week was relaxed enough about its level and outlook that it felt the need to drop the longstanding warning about the dangers to the economy of AUD appreciation, notes Sean Callow, Research Analyst at Westpac. Key Quotes "Australia's low key calendar keeps the focus offshore, especially on US-China trade tariffs. Given AUD has appeared to be more sensitive than most to such headlines, any AUD/USD rallies to the mid-0.74s should struggle. Softer commodity prices also don't help." "But the Aussie… Top 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.
