AUD/USD: RBA minutes next on calendar but don’t expect surprises

It will be very unlikely that anything new arises out of today’s RBA minutes given that the Monetary Policy Statement was released only last week. The AUD/USD has been trading in an 8 pip range for much of the morning so its seems that the market isn’t expecting anything exciting either.

Short term support/resistance levels in the AUD/USD are at .9315/40.

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