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Australian Dollar Forecast: AUD/USD Faces RBA and US NFP Report

From forex.com

AUD/USD snaps the series of higher highs and lows from last week after staging another failed attempt to test the September high (0.6522), and the Reserve Bank of Australia (RBA) interest rate decision may do little to prop up the exchange rate as the central bank is expected to keep the official cash rate (OCR) on hold for the fifth consecutive meeting. Australian Dollar Forecast: AUD/USD Faces RBA and US NFP Report The opening range for October is in focus amid the key event risks on tap for this week, and more of the same from the RBA may drag on AUD/USD as the central bank appears reluctant to implement higher ... (full story)

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  • Category: Technical Analysis