No change is expected.
The RBA is expected to once again keep rates unchanged. The last change was in August 2016. On that day the AUDUSD opened at 0.7530 and after moving lower on the cut, reversed and closed higher at 0.7608. Where is the AUDUSD trading now? Right around 0.7608. The midpoint of the three month trading range? 0.75984 – not too far from the current level too.