The market is pricing in a 13% chance of a rate hike tomorrow with the liklihood being that the RBA will take another month or two to gauge the international situation. If they deem inflationary pressures to be increasing, then they will be very quick to hike by another 25bps but recent data isn’t showing any such upward pressure on prices.
AUD/USD will run into some serious headwinds on the 1.08 handle and I would expect to see plentiful support towards 1.0600, so more broad range trading is favoured.