FxWirePro: AUD/USD eases as RBA minutes reveal nothing new

• AUD/USD eased on Tuesday    after the release of Reserve Bank of Australia's minutes from its February meeting.

•    Minutes from the Reserve Bank of Australia’s latest board meeting showed policymakers believed risks to inflation and employment had shifted significantly, strengthening the case for a rate hike.

• Minutes from the Reserve Bank of Australia showed policymakers saw a material shift in inflation risks, prompting a 25-basis-point rate hike to 3.85%.

•Minutes from the Reserve Bank of Australia showed policymakers saw risks to both inflation and growth and would rely on incoming data to guide policy decisions.

• The Reserve Bank of Australia board unanimously raised the cash rate by 25 basis points to 3.85%, reversing one of the three cuts made in 2025.

•  Immediate resistance is located at 0.7155(23.6%fib), any close above will push the pair towards 0.7180(Higher BB).

•  Support is seen at 0.7000 (Psychological level) and break below could take the pair towards 0.6880(50%fib)

Recommendation: Good to buy  around 0.7050 with stop loss of 0.6940 and target price of 0.7130