According to Valeria Bednarik, Chief Analyst at FXstreet.com, the pair maintains its overall bullish trend, but enters Asia looking bearish in the intraday timeframes, â€œWhile market sentiment prevents the pair to gain, the downside continues to be limited, with supports at 1.0370 and 1.0335, this last, the last defense of bulls,â€ says the analyst.
Ms. Bednarik offers her view of AUD from a fundamental perspective: â€œRBA Minutes after the Central Bank left rates unchanged will bring more light over the economic situation; latest macro readings were pretty positive, so a hawkish stance should not be a surprise, but surely AUD supportive.â€
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