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FX Watch: EUR/AUD and AUD/CAD Resistance Zones Ahead of the RBA Decision

The upcoming RBA decision could reinforce the Australian central bank’s position as one of the more hawkish ones around, as policymakers are expected to keep rates on hold again.

Our Event Guide for the RBA Statement highlighted how the previous meeting minutes and Governor Bullock’s testimonies mentioned how inflation remains “too high” for them to even consider easing in the near-term.

Here’s what I’m looking at on EUR/AUD and AUD/CAD if the RBA retains its optimistic tone.

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