The Reserve Bank of Australia's Policy Rate is the overnight market interest rate, with the RBA acting as the central financial authority for the Australian economy. The Reserve Bank of Australia is expected to keep interest rates at this meeting and also discuss the Australian dollar. RBA policymakers are also advised to strike a generally soft tone regarding the economy and monetary policy.

The AUDUSD pair is bearish while trading below the 0.7600 level, key support lies at the 0.7400 and 0.7340 levels.

If the AUDUSD pair moves above the 0.7600 level, buyers will probably test the 0.7650 and 0.7700 levels.

That's all for today, happy trading :)

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FOMC TONE Technical Analysis, Tuesday, July 6, RBA Policy Rate