The RBA’s on-hold policy strategy leaves little room for the AUD/USD to move post-SoMP. Market flows remain tepid heading into Friday’s Pacific-Asia session. The AUD/USD is trading into 0.7260, unmoved by the Reserve Bank of Australia’s (RBA) latest Statement of Monetary Policy. The RBA dropped their latest Monetary Policy Statement early Friday, and the central bank’s stance has given Aussie traders little to chew on, with the RBA maintaining their no-movement stance on interest rates or monetary policies in general. The Aussie central bank has gone over two years without laying a finger on interest rates, and the rut that the RBA finds itself buried within looks set to remain for some time. The central bank noted that while inflation and GDP growth are expected to remain “above trend”, wages remain frustratingly lower than hoped, and trade tensions from the US-China tariff spat remains a significant headwind for confidence looking forward. AUD/USD Technical Levels AUD/USD Overview: Last Price: 0.7258 Daily change: 4.0 pips Daily change: 0.0551% Daily Open: 0.7254 Trends: Daily SMA20: 0.7136 Daily SMA50: 0.716 Daily SMA100: 0.7266 Daily SMA200: 0.7474 Levels: Daily High: 0.7304 Daily Low: 0.7246 Weekly High: 0.726 Weekly Low: 0.705 Monthly High: 0.724 Monthly Low: 0.702 Daily Fibonacci 38.2%: 0.7268 Daily Fibonacci 61.8%: 0.7282 Daily Pivot Point S1: 0.7233 Daily Pivot Point S2: 0.7211 Daily Pivot Point S3: 0.7175 Daily Pivot Point R1: 0.729 Daily Pivot Point R2: 0.7326 Daily Pivot Point R3: 0.7348 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 AUD/JPY lower as RBA does not see strong case for near-term change in cash rate FX Street 4 years The RBA's on-hold policy strategy leaves little room for the AUD/USD to move post-SoMP. Market flows remain tepid heading into Friday's Pacific-Asia session. The AUD/USD is trading into 0.7260, unmoved by the Reserve Bank of Australia's (RBA) latest Statement of Monetary Policy. The RBA dropped their latest Monetary Policy Statement early Friday, and the central bank's stance has given Aussie traders little to chew on, with the RBA maintaining their no-movement stance on interest rates or monetary policies in general. The Aussie central bank has gone over two years without laying a finger on interest rates, and the rut that… 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.
