RBA Decision and Technical Setups for AUD Pairs

From fxtimes.com

The Reserve Bank of Australia met during the 10/6 session, and decided to hold the Official Cash Rate (OCR) at 3.25%. With some expecting a rate cut, the hold is slightly hawkish, or relatively less dovish, which is positive for the Australian Dollar. The AUD strengthened after the RBA interest rate decision was released. Let’s take a look at the reactions and technical setups in some AUD-crosses after the risk event. Breakout: The AUD/USD has been coiling between a flat resistance in the 1.0395-1.0410 area and a rising support it bounced off ahead of the RBA decision. After the decision to hold was released in the ... (full story)