FxWirePro: AUD/ USD momentum negative despite pause in losses

• AUD/ USD  eased slightly   on Thursday  as investors assessed Reserve Bank of Australia  rate outlook .

• The Reserve Bank of Australia (RBA) has kept its cash rate at 4.35% for a year now and seems in no hurry to start cutting given still elevated core inflation.

.• Markets imply the RBA will only ease to around 3.80% by the end of next year, compared with 3.30% for the RBNZ.

• At GMT 06:00, The Aussie was trading   down  0.10% at 0.6475   .

•  Immediate resistance is located at 0.6516 (38.2%fib), any close above will push the pair towards 0.6575(50%fib).

•  Support is seen at 0.6438(23.6%fib) and break below could take the pair towards 0.6418(Lower BB).

 Recommendation: Good to sell around 0.6480, with stop loss of 0.6580  and target price of 0.6410