Reserve Bank of Australia (RBA) news

The Reserve Bank of Australia (RBA) is Australia's central bank. Its primary responsibility is to maintain monetary and financial system stability. The RBA uses various monetary policy tools to influence economic conditions and contribute to sustainable economic growth and full employment in Australia.

Chart alert: AUD/USD bullish reversal at 20-day moving average, enroute to 0.7210
AUD/USD is showing signs of a bullish reversal at its 20-day moving average as the RBA is likely to maintain hawkish stance. Sticky core inflation at 3.4% and widening Australia–US rate spreads have strengthened expectations of another rate hike in May. A break above 0.7110 could open upside toward 0.7210, while 0.7020 remains key support for the near-term bullish bias.
by Kelvin Wong
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Aussie Dollar fatigue? Technical signs hint at an AUD/USD pullback
Technical analysis suggests AUD/USD is facing fatigue after a 500-pip rally, pointing to a potential pullback with key support levels to watch. Fundamentally, central bank divergence (RBA hikes vs. potential Fed cuts) supports the long-term Aussie dollar gain. OANDA client sentiment is net-short, which may signal a short-term rise. Upcoming RBA/Fed minutes and data releases are expected to bring volatility.
by Zain Vawda
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