After a good pullback towards 81c, the AUDUSD once again holding firm. Support from bids is seen at 8210-30 area with resistance sighted between 8340 – 8375. The AUDUSD is underpinned as data continues to support expectations that the next interest rate move is up. The RBA next meets on August 4th, with many analysts prdicting that even tho rates will be kept on hold, the RBA might drop its easing bias.
Good gains is Asian stockmarkets is also offering support to the AUDUSD with good demand seen in AUDJPY.
