Reserve Bank of Australia cash rate announcement and Governor Lowe's Statement are due at 0430GMT on 3 April 2018
I have popped up some bank previews earlier:
- AUD traders - RBA announcement due today - preview
- AUD traders - RBA announcement due today - another preview
Ahead of that, some levels to be aware of ... and given the AUD impact is likely to be minimla these levels could well be useful following the announcement also.
- 0.7650 initially (already tested there late US time)
- After that .... good luck? Way down below, 0.7555 (ps. It won't drop straight there .... as I posted last week the consensus view is for a lower AUD, and shorts covering some back in are cushioning falls).
Price has been weighed upon by moves in equities ... and this (for me at least) means it remains a sell on rallies
Alternative (or otherwise) thoughts very welcome, of course.