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4 May 2015
RBA to keep rates on hold, stay bullish on AUD/USD – Growth Aces
FXStreet (Barcelona) - The Growth Aces Research Team expects the RBA to maintain rates steady and further suggest remaining long AUD/USD, targeting 0.8230.
Key Quotes
“Investors are focused on RBA rate decision tomorrow (04:30 GMT). The market expects a rate cut by 25 bps. In our opinion the RBA will keep rates unchanged which should give a strong boost to the AUD. We stay AUD/USD long.”
“Significant technical analysis' levels:
Resistance: 0.7844 (session high May 4), 0.7919 (high May 1), 0.7938 (hourly high Apr 30)
Support: 0.7804 (session low May4), 0.7792 (low Apr 27), 0.7750 (55-dma)”
“AUD/USD: long at 0.7870, target 0.8230, stop-loss 0.7790, risk factor ***”
Key Quotes
“Investors are focused on RBA rate decision tomorrow (04:30 GMT). The market expects a rate cut by 25 bps. In our opinion the RBA will keep rates unchanged which should give a strong boost to the AUD. We stay AUD/USD long.”
“Significant technical analysis' levels:
Resistance: 0.7844 (session high May 4), 0.7919 (high May 1), 0.7938 (hourly high Apr 30)
Support: 0.7804 (session low May4), 0.7792 (low Apr 27), 0.7750 (55-dma)”
“AUD/USD: long at 0.7870, target 0.8230, stop-loss 0.7790, risk factor ***”