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RBA Speak Aplenty

AUD

Stabilisation in risk sentiment pushed AUD/USD to $0.7283 in Tuesday's London morning, but the rate reversed gains later in the day as risk appetite turned sour again. It extended its current losing streak to four days in a row, but fell short of breaking below Monday's multi-week trough.

  • RBA Dep Gov Debelle and RBA Snr Manager Berkelmans will testify to lawmakers today, while Asst Gov Bullock will speak at a BBG event. Looking into Australia's data docket, flash Markit PMIs will hit the wires on Thursday.
  • AUD/USD sits at $0.7235, just slightly above neutral levels. Bears need a fall through Sep 20 low of $0.7220, before taking aim at the 76.4% retracement of the Aug 20 - Sep 3 rally at $0.7194. Meanwhile, a bounce above the 20-EMA at $0.7309 would bring Sep 10 high of $0.7410 into play.

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