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AUD: RBA Decision Coming Up, Options Mkts Not Expecting Sharp Moves

AUD

The RBA decision is coming up soon. Markets expect a 25bps cut, but being guarded on the outlook. AUD/SD is holding near 0.6345 in latest dealings, a little above key resistance at 0.6331, which we broke above recently. 

  • Options markets imply a 0.6299-0.6291 range for the pair based off current spot levels, with an 80% probability for the next 24 hours. 
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The RBA decision is coming up soon. Markets expect a 25bps cut, but being guarded on the outlook. AUD/SD is holding near 0.6345 in latest dealings, a little above key resistance at 0.6331, which we broke above recently. 

  • Options markets imply a 0.6299-0.6291 range for the pair based off current spot levels, with an 80% probability for the next 24 hours.