Newsig · Forex News
AUD/USD risks bigger breakdown below 0.7000 as RBA rate hike fails to lift aussie
If there's one thing that stands out after the RBA decision today, it is that AUD/USD still can't catch a meaningful bid even after the rate hike.The RBA raised the cash rate by 25 bps to 4.60%, its highest since 2011. On paper, you would think that should be supportive for the aussie
Why it matters
AUD/USD (Australian Dollar / US Dollar) · Why linked: The article directly discusses AUD/USD price action following the RBA rate decision. Market context: A breakdown below 0.7000 would signal further AUD weakness and could accelerate selling pressure.
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