RBA Interest Rate Decision overview early Tuesday at 04:30 GMT sees another round of the Reserve Bank of Australia’s (RBA) Interest Rate Decision and ensuing Rate Statement. Little to no change is expected from the RBA for the remainder of this year and most of next as well, but traders will still be keeping an eye on the central bank’s statement, looking for hints of any changes to the central bank’s leanings against a backdrop of Aussie economic data over the past month, though with the Australian economy struggling to flash ‘all-good’ signs, the odds of seeing action in either direction from the RBA are on the low side. How could it affect the AUD/USD? The Aussie is especially vulnerable to downside shocks in broader markets, with trade tensions keeping both the RBA and AUD traders in general as investors fear a potential economic slowdown if negative knock-on effects from a slowing China should see exacerbated contraction at the hands of a steepening trade war with the US, and early Tuesday markets are no exception, according to FXStreet’s own Valeria Bednarik: “the pair heads into the key event with a neutral-to-bearish technical stance according to readings in the 4 hours chart, as beyond the mentioned Fibonacci resistance, the pair was also unable to recover above a bearish 20 SMA, which extends its decline below the 200 SMA. Technical indicators in the mentioned chart hover around their midlines, with modest upward slopes that fell short from confirming an upward extension ahead.” Support levels: 0.7190 0.7155 0.7120 Resistance levels: 0.7255 0.7300 0.7335 Key notes AUD/USD analysis: cautious ahead of RBA monetary policy meeting AUD fails to capitalise on improved market sentiment AUD – Ready to Pop on RBA? About the RBA Interest Rate Decision RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish. 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/JPY Technical Analysis: Ascending 50-hour EMA support could into play FX Street 4 years RBA Interest Rate Decision overview early Tuesday at 04:30 GMT sees another round of the Reserve Bank of Australia's (RBA) Interest Rate Decision and ensuing Rate Statement. Little to no change is expected from the RBA for the remainder of this year and most of next as well, but traders will still be keeping an eye on the central bank's statement, looking for hints of any changes to the central bank's leanings against a backdrop of Aussie economic data over the past month, though with the Australian economy struggling to flash 'all-good' signs, the odds of seeing action in either… 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.