Aussie Weakens Sharply Ahead of RBA’s Policy Rate Decision; Feb 01, 2021

Australia’s Interest Rate Decision

Australia will release Key Policy Rate tomorrow at 0330 GMT/0900 IST. It’s among the primary tools the RBA uses to communicate with investors about monetary policy. Most probably RBA will keep interest rate unchanged at 0.10 pct. Markets focus on the RBA’s QE program. RBA is currently having AUD100bn QE program which expires at the end of April. Will RBA extends it or simply let it end?

Along with this, two other key events are scheduled to release. The RBA Governor Lowe speaks on the “Year Ahead” on Feb 03 and thereafter, Lowe will testify before the House of Representatives Standing Committee on Economics due on Feb 05.

After the successful completion of key events, one can decide future direction of the AUD parity.

Let’s see how AUD has reacted during the previous data release:

Dec 01:

Nov 03:

Technical View:

AUD/USD: Aussie falls noticeably ahead of RBA’s Interest Rate Decision. The pair made intraday high at $0.7662 and low at $0.7605 mark. A sustained close above $0.7650 requires for the upside rally. Alternatively, current downside movement will check key supports too.

Key Resistances: $0.7650, $0.7676, $0.7712, $0.7776

Key Supports: $0.7602, $0.7590, $0.7520, $0.7500

Take a look and do trade wisely!
Good Luck

Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts



Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Mail us

Drop mail at:

Contact us

Call or Whatsapp
+44 7441 416320

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses because of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

TP Global FX Limited is registered and regulated by Vanuatu Finance Service Commission (VFSC) with a registration number 40409.

TP Global Limited is registered and regulated by FINANCIAL SERVICES COMMISSION (FSC) MAURITIUS with a registration number GB21026474

TP Global FX Limited is registered and regulated by Financial Services Commission, Mauritius with a registration number GB21026474

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

mappin at-sign phone close