VOT Research Desk
After a corrective dip below 0.6780 in the Tokyo session, the AUD/USD pair has seen a rapid recovery.
In line with the risk appetite profile, the Aussie asset has increased to close to 0.6820 and is anticipated to continue rising toward the high of the previous week, which is close to 0.6845.
Investors are anticipating the Reserve Bank of Australia’s (RBA) interest rate decision, which will be made public on Tuesday.
The OCR will increase by another 25 basis points (bps) to 3.10% at the year’s final monetary policy meeting on December 6, according to UOB Group economists.
Investors will also monitor statistics from the Caixin Service PMI. At 48.8 compared. 47.6, the economic data is modestly better.
|
Daily SMA20 |
0.6677 |
|
Daily SMA50 |
0.65 |
|
Daily SMA100 |
0.6688 |
|
Daily SMA200 |
0.6924 |
