Both London and NY enjoyed quiet trading sessions and Asia normally doesn’t need much of an excuse to do nothing. With the RBA interest rate announcement out later today towards the end of the session, we can expect the AUD/USD to trade in a fairly quiet range.
AUD/JPY technical resistance at 88.00 will be an important level to watch. Dealers expect any significant dips in AUD/USD towards the previous highs at 1.0250/70 to meet with plentiful demand.
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