Aussie is higher across the board after RBA leaves rates unchanged at 1.5%, but currency still moved higher because expectations were 1.25%. We have seen a nice bounce on AUDUSD but not in five waves yet, so we have to be patient and careful. Remember the most important will be the daily closing price; for now it is still too early to tell where that will be, but if above or around 0.7066 then this would definitely be bullish.
AUDUSD, 1h
In less than 24 hours there will be also another important rate decision coming out; for NZD which will be on our radar screen because of AUDNZD pair. If news comes out positive from New Zealand, then this cross can finally be ready for a sell-off; price is now at very nice technical resistance. Decline back to 1.0570 would be bearish for the pair.
AUDNZD, 1h
