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AUDUSD Holding At Resistance Ahead of RBA
AUDUSD is holding just below the .6681 resistance level on Monday, as traders look ahead to the coming RBA rate decision tonight. While the bank is expected to keep rates on hold again this month, traders will be closely monitoring the statement for clues as to whether the bank is likely to tighten again this cycle or if the focus is shifting towards anticipating monetary easing. The minutes of the November meeting showed that members broadly agreed that there would likely be further increases in coming months, given the current path of inflation. With that in mind, the focus is likely to remain on the inflation ... (full story)