© Dukascopy Bank SA
"With inflation expected to be consistent with the target band [2%-3%] and growth close to trend, but with a more subdued international outlook than was the case a few months ago, the board judged that the stance of monetary policy remained appropriate."
-Reserve Bank of Australia minutes
Pair's Outlook
Australian dollar lost ground and gained momentum as prices of shale gas and nickel are dropping. However, cluster of support levels at 1.0372/76 should provide enough support and contain the pair from dropping further.
Traders' Sentiment
Bearish sentiment hasn't changed since yesterday and remains at 74% mark. Equal amounts of traders have posted buy and sell in the 100 pip range from current market price indicating some uncertainty amongst traders about further development of the pair.
© Dukascopy Bank SA