Reserve Bank of Australia minutes feature on the event agenda, preview here. Otherwise it could well be a bit dreary here today.
This article was written by Eamonn Sheridan at investinglive.com.
💡 DMK Insight
The Reserve Bank of Australia’s minutes are set to drop soon, and here’s why that matters: traders need to brace for potential volatility. The RBA’s insights could signal shifts in monetary policy that impact the Australian dollar and broader forex markets. If the minutes reveal a hawkish stance, we might see the AUD strengthen against major pairs, especially if inflation concerns are highlighted. Conversely, a dovish tone could lead to a sell-off in the AUD, particularly against currencies like the USD and JPY. Look for key levels around recent support and resistance zones in AUD/USD and AUD/JPY. If the RBA hints at future rate hikes, watch for the AUD/USD to test resistance levels above 0.6500. On the flip side, if the minutes suggest a more cautious approach, we could see a drop below 0.6400. Traders should also keep an eye on correlated assets like commodities, as shifts in the AUD often reflect changes in commodity prices, particularly gold and iron ore. The immediate impact could unfold within the next few hours after the release, so stay alert for market reactions.
📮 Takeaway
Watch for the RBA minutes today; a hawkish tone could push AUD/USD above 0.6500, while a dovish stance might see it drop below 0.6400.





