AUD: RBA holds rates at 3.60%, signals hawkish pause – BBH

💡 DMK Insight

The RBA’s decision to hold rates at 3.60% signals a pivotal moment for the AUD/USD pair. With the RBA hinting at future hikes, traders should watch how this plays out against the backdrop of tomorrow’s Fed decision. A rebound toward 0.6650 is notable, but resistance at 0.6700 could cap gains if the Fed maintains its current stance. If the Fed surprises with a hawkish tone, expect volatility in the AUD/USD, potentially pushing it below key support levels. Conversely, a dovish Fed could see the AUD break through resistance, opening the door for further upside. Keep an eye on the 0.6700 level as a critical pivot point in the short term, especially given the market’s sensitivity to central bank signals right now.