FXStreet (Guatemala) – Sean Callow, analyst at Westpac Banking Corporation explained the price action for AUD/USD thus far.

Key Quotes:


“AUD/USD ground slightly higher, from 0.7820 late Asia to 0.7852, steadying at 0.7840 ahead of the RBA decision.”


“Westpac’s view of a rate cut and door open for further easing at some point should be of limited surprise to markets, producing a dip to the high 0.77s.”


“A surprise steady hand should see a surge through 0.7900.”