February 18, 2025 03:29 GMT
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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