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Activity expected around RBA – FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained the RBA is likely to remain on hold but market action is expected.

Key Quotes:

“Aussie eased early Asia, anticipating to RBA meeting probable outcome”

“The Central Bank is expected to remain on hold, and further down talking of the currency coming from Governor Glenn Stevens”.

“Along with the meeting, the country will release housing and current account data, which guarantees some action over the session”.

AUD/NZD extending the decline away from 1.12

AUD/NZD is trading at 1.1132, down -0.05% on the day, having posted a daily high at 1.1143 and low at 1.1129.
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AUD/JPY settles above 97.25 breakout point

AUD/JPY is consolidating above the recently broken 97.25 resistance now turned support, having posted a new 15-month high of 97.44 before a mild retracement seeking liquidity, currently trading hands at 97.36.
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