The Reserve Bank of Australia (RBA) will deliver its latest policy decision on Tuesday, 9 July. Markets are heavily positioned for a 25-basis point cut, which would bring the official cash rate down to 3.60%.
Major Australian banks including CBA, Westpac, NAB and ANZ are aligned in expecting a cut this month, with some anticipating further easing in August and November. A confirmed cut paired with dovish guidance could place further downside pressure on the Australian dollar, particularly against the US dollar and Japanese yen.
AUD/USD remains capped below the 0.6580–0.6600 region, with repeated rejections suggesting strong overhead resistance. A break above this zone would be needed to shift momentum higher. Conversely, a confirmed break below 0.6520 could open a move toward the 0.6450 area. Meanwhile, AUD/JPY has rebounded firmly off its May lows and is now testing resistance near 95.30. This area has repeatedly capped upside since mid-June, making it a key level to watch into the RBA decision.
Major Australian banks including CBA, Westpac, NAB and ANZ are aligned in expecting a cut this month, with some anticipating further easing in August and November. A confirmed cut paired with dovish guidance could place further downside pressure on the Australian dollar, particularly against the US dollar and Japanese yen.
AUD/USD remains capped below the 0.6580–0.6600 region, with repeated rejections suggesting strong overhead resistance. A break above this zone would be needed to shift momentum higher. Conversely, a confirmed break below 0.6520 could open a move toward the 0.6450 area. Meanwhile, AUD/JPY has rebounded firmly off its May lows and is now testing resistance near 95.30. This area has repeatedly capped upside since mid-June, making it a key level to watch into the RBA decision.
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Free TradingView Premium:
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Investing in complex securities involves risk. You may lose some or all of your invested capital.
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Investing in complex securities involves risk. You may lose some or all of your invested capital.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.