- Greenback strength sees the Aussie fall back into consolidation.
- The RBA's Friday release is unlikely to deliver anything new as the central bank has stood pat for over two years and counting.
The AUD/USD is trading into 0.7375 heading into Friday's overnight session after the Aussie lost ground once again against the US Dollar.
The Greenback strengthened again in broader markets as traders turned about-face and went USD-positive; the move was not predicated by any single primary market catalyst, but the move was exacerbated following statements by the US Fed's Evans, who dropped some bullish comments on the health of the US economy.
Friday brings the Reserve Bank of Australia's (RBA) Monetary Policy Statement, but with most of the RBA's recent meeting s already well-priced in, the upcoming statement, which is due to drop at 01:30 GMT, is unlikely to spur much action on behalf of the Aussie.
AUD/USD levels to watch
The Aussie is back into familiar ranges as AUD traders continue to wait for an impetus to make any hard changes to their posture towards the AUD/USD, and as noted by FXStreet's own Valeria Bednarik: "the pair turned bearish in the short term, now trading below all of its moving averages in the 4 hours chart, and with technical indicators heading south within negative territory. Nevertheless, the pair remains mid-way within its last two-month range, with chances of testing the bottom in the 0.7300 region on a break below 0.7370."
Support levels: 0.7370 0.7330 0.7300
Resistance levels: 0.7400 0.7445 0.7485
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