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AUD/USD edges to a new 2024 high after RBA leaves interest rates on hold
A little earlier this morning the Reserve Bank of Australia (RBA) did as the markets expected and left their OCR on hold, at 4.35%. The reaction in the AUD/USD has been positive, despite such an outcome being most likely priced into the Australian currency. The AUD/USD closed last night at 0.6838. It has risen to set a new 2024 high after the RBA remained on hold, at 0.6868 a moment ago. The next level of note is now very close and that is the December 2023 high, at 0.6871. After that comes the level noted here yesterday and that is the 200 week moving average, now at 0.6963. The AUD/USD is currently trading at 0.6868
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