Back
3 Mar 2015
AUD/USD jumps above 0.7800 after RBA’s Status-Quo
FXStreet (Mumbai) - AUD/USD spiked to fresh highs above 0.78 barrier after Reserve Bank of Australia (RBA) left the cash rate unchanged at 2.25 per cent and left more room for further easing cycle.
AUD/USD rises from 0.7773 levels post RBA decision
Currently, the AUD/USD trades higher by 0.62% at 0.7814 levels, quickly retreating from session highs posted at 0.7840 levels post RBA ANNOUNCEMENT. The Aussie rose to fresh highs in reaction to the RBA’s unchanged policy stance as the central bank stated that it was appropriate to hold interest rates steady for the time being. However, the RBA also left doors open for further easing in a bid to spur economic growth.
Moreover, the RBA’s status-quo decision came as a surprise as markets were expecting a 25bps cut in the cash rate given falling inflation on the back of sliding oil prices.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7840 levels, above which gains could be extended to 0.7900 levels. On the flip side, support is seen at 0.7750 from here it to 0.7721 levels.
AUD/USD rises from 0.7773 levels post RBA decision
Currently, the AUD/USD trades higher by 0.62% at 0.7814 levels, quickly retreating from session highs posted at 0.7840 levels post RBA ANNOUNCEMENT. The Aussie rose to fresh highs in reaction to the RBA’s unchanged policy stance as the central bank stated that it was appropriate to hold interest rates steady for the time being. However, the RBA also left doors open for further easing in a bid to spur economic growth.
Moreover, the RBA’s status-quo decision came as a surprise as markets were expecting a 25bps cut in the cash rate given falling inflation on the back of sliding oil prices.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7840 levels, above which gains could be extended to 0.7900 levels. On the flip side, support is seen at 0.7750 from here it to 0.7721 levels.