AUD/USD to be supported on interest rate differentials? - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the AUD/USD pair tumbled after the RBA Minutes showed increasing concerns over local growth, paving the way for another rate cut, should upcoming inflation data result tepid.

Key Quotes:

"The pair fell down to 0.7475 before bouncing towards the current 0.7500 price zone, struggling to recover further. The pair gave back half of its post-Brexit losses, breaking also below the base of the daily ascendant channel that led such advance, indicating the decline may extend further in the short term. Still in the longer run, the rates' differential should support the Aussie."