FXstreet.com (Barcelona) - The Aussie dollar is trading near the key resistance level at 1.0600 on Tuesday, after the RBA has left intact the overnight rate at 3.5%. Governor G.Stevens has justified the board’s decision in that both the inflation and the domestic economic growth remain close to trend. He also pointed out that the international scenario has wosened, with the euro crisis in the main focus.
Ahead in the week, Home Loans (+2.0% exp.) and Unemployment rate (+5.3% exp.) are also due.
At the moment, the cross is up 0.31% at 1.0603 facing the next hurdle at 1.0625 (high Mar.20) and 1.0637 (high Mar.19) while a dip below 1.0530 (hourly low/high) woould bring the psychological level of 1.0500