قالب وردپرس درنا توس
Home / Business / AUD / USD falls 64 pips to 0.7175 as RBAs Lowe says interest rates are steadily balanced

AUD / USD falls 64 pips to 0.7175 as RBAs Lowe says interest rates are steadily balanced



  • The AUD takes a hit on bad comments from RBA's Lowe.
  • The central bank governor said that interest rates are likely to increase.

Aussie Dollars are being offered across the board in response to comments from Reserve Bank of Australia (RBA) Governor Lowe that interest rates are now more evenly balanced.

"Over the past year, the scenarios in the next order were more likely than the next scenarios. Today, the probabilities appear to be more evenly balanced," said Lowe to the Sydney National Press Club.

He added that if the labor market tightened, prices would rise, but some softening would force the RBA to reassess the situation.

The big change in attitude toward interest rates affects the AUD / USD pair, currently trading at a 0, 71

75 – down 64 pips from the highest of 0.7239 seen before Lowe's speech.

It is worth noting that the markets already put the chance of a price reduction this year of better than 50-50, even though RBA, up until in Today, the next move in prices could be on the higher side. With the RBA's change in tone on interest rates, this likelihood of probability may increase further.

So, the slightest resistance path for AUD is now at a disadvantage.

USD / USD Technical Levels

AUD / USD

Overview:
Today Last Price: 0.7178
Today Daily Change: -58 pips
Today Daily Change%: -0.80%
Today Daily Open: 0.7236
Trends:
Daily SMA20: 0.7187
Daily SMA50: 0.7169
Daily SMA100: 0.7174
Daily SMA200: 0.7289
Daily SMA200: 0.7289
Levels:
Previous Daily High: 0.7280
Previous Daily Low: 0.7194
Previous Weekly High: 0.7296
Previous Weekly Low: 0.7138
Previous Monthly High: 0.7296
Previous Monthly Low : 0.6684
Daily Fibonacci 38.2%: 0.7238
Daily Fibonacci 61.8%: 0.7221
Daily Pivot Point S1: 0.7198
Daily Pivot Point S2: 0.716
Daily Pivot Point S3: 0.7126
Daily pivot point R1: 0.7269
Daily pivot point R2: 0.7303
Daily pivot point R3: 0.7341


Source link