AUD/USD stuck just below 0.7200 as RBA continues to deliver little movement

• The Aussie is struggling to find bullish momentum, holding at the low end for this week.
• A frigid RBA remains well-planted in their current no-move trajectory.

AUD/USD remains little-moved in early Tuesday trading after the Reserve Bank of Australia (RBA) held to their wait-and-see mantra for another month.

RBA minutes: no strong case for a near-term adjustment in monetary policy

The RBA noted that they expected inflation to be a touch higher than it actually came in this year, targeting over 3% instead of the actual 2.8%, and the Aussie central bank applauded itself for being a point of “stability and confidence” for the Australian market, meaning the RBA is well off from making any changes to their current policy, in either direction.

The Aussie is comparatively unmoved following the release, sticking close to 0.7180, where the AUD has been flatlining since slipping back below the 0.7200 handle in late Monday trading, and the thinly-moving AUD/USD has little reason to shift its position through Tuesday.

AUD/USD Technical Levels