AUD/USD chart - Trading View
AUD/USD was trading 0.51% lower on the day at 0.7481 at around 06:50 GMT, outlook bearish.
The Reserve Bank of Australia (RBA) left its cash rate at a record low of 0.1%, but dropped both a commitment to keeping bond yields low and its projection of no hike in interest rates until 2024 as inflation crept up in the country.
Australian dollar weakened on Tuesday after the country's central bank dampened investor hopes for a hawkish tilt.
Governor Lowe maintained the dovish tone in the statement that followed, said market pricing for early rate hikes extremely unlikely.
AUD/USD technical bias has turned bearish on the daily charts. Upside was capped at 200-DMA.
MACD is on verge of bearish crossover on signal line, RSI is showing a bearish reversal from near overbought levels.
Price action has slipped below 200H MA, scope for test of 21-EMA support at 0.7439.


FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD gains some ground but bias is still bearish
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro- Major Crypto levels and bias summary
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro- Woodies pivot (Major) 



