The AUDUSD stuck to a tight range as the.....>

AUSSIE: The AUDUSD stuck to a tight range as the RBA stood pat, as expected,

with a statement that offered little in the way of surprises. It introduced the

risk factors apparent in Europe, particularly Italy, as well as those from a few

emerging market economies. The RBA also left its reference to the issues created

by the US trade stance in the statement.

- Elsewhere the Bank removed its reference to the reduction of spare capacity

and stated that while there may be some further tightening of lending standards

mortgage interest rates have continued to decline, perhaps suggesting that there

is no need to act to alleviate any pressure that borrowers may or may not be

feeling.

- AUDUSD stuck to a 10 pip range registering a low of 0.7626 and last deals at

0.7635.

- Support comes in the form of the 55-DMA at 0.7616, while resistance is seen at

the April 23 high of 0.7682.