AUD/USD gets drawn back to key technical level after RBA hold ...Middle East

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AUD/USD gets drawn back to key technical level after RBA hold
source : forex live ( Middle East ) () 13
The pair is down 0.6% on the day to 0.6582 currently with the aussie lagging against the rest of the major currencies bloc, after the RBA kept the cash rate unchanged in its final policy decision for the year. This key passage from November (after they raised the cash rate) was maintained:"Whether further tightening of monetary policy is required to ensure that inflation returns to target in a reasonable timeframe will depend upon the data and the evolving assessment of risks."And that continues to cast some doubts over whether or not there will be any more rate hikes in the months ahead. As things stand, traders have no longer priced in any further increases to the cash rate. But at the sam

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