Since our last analysis, the EUR/AUD has rallied as expected in the short term and hit the 1.6655 resistance (printed an intraday high of 1.6675 on 18 January). Thereafter, it traded sideways between 1.6675 and 1.6350 in the past three weeks. The Australian central bank, RBA has concluded its first monetary policy meeting of 2024 today and maintained its policy cash rate at 4.35% for the third consecutive time as expected. Despite the recent softness seen in Australia’s inflation data where the monthly CPI indicator has decelerated for the third consecutive month to 3.4% annualized in December 2023 from 4.3% in ... (full story)