Aussie Weakens, Prospects Muramnya Increase Interest Rates Further This Year

Liputan6.com, Jakarta: In currency trading the Asian session this Wednesday (7 / 7), the Aussie currency weakened against the U.S. Dollar. Pair AUD / USD is currently engaged in the range of 0.8471.

Aussie strengthening that occurred after the RBA yesterday to hold interest rates is driven by a fairly optimistic statement from the RBA. They stated that inflation growth target still within the RBA and consumer spending is also growing gradually.

However, this strengthening is expected only temporary. The strengthening Aussie feared would be brief because the real prospect of the RBA increasing interest rates further this year is grim. Both technical Aussie remain in the current bearish trend, the current closest resistance can be found in the range of 0.8600 to 0.8650. Aussie is still open enough to test support at around 0.8000 for the range does not penetrate resistance at 0.8800.

Analyst Research Vibiz from Vibiz Consulting estimates that the AUD / USD likely to weaken to a level of 0.8315 if the past level of support at 0.8370. Aussie reinforcement can occur when passing resistance at the level of 0.8600 to 0.8650 level. (Www.vibiznews.com / MLA)

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