The latest RBA rate decision will be released later this session, preceded by current account data, and the AUD has lost ground across the board overnight. The Chinese ruling party congress is also ongoing and we can expect quotes and statements from it later on in the day.
The big level to watch in the AUD/USD is the range base at 1.0600 but unless the current account data is very poor indeed, it’s unlikely that we will see a test of this pre-RBA; the market is only factoring in about a 20% chance of a rate cut.
Good luck today.
