🚨 RBA HIKES TO 4.85% — BUT THE AUD SLIPS!
Australia's central bank raised rates to an 18-year high. But the 6–3 vote and softer forward guidance shifted attention towards a possible pause.
AUD/USD fell 0.3% to 0.6977 in Reuters' November 3 snapshot.
$AUD
BTCUSDT: Bearish short-term momentum dominates the 1H chart, with downside risk over the next 24 hours, although a temporary relief bounce remains possible.
MarketLens Take: Hawkish rate move, less-hawkish signal. The next clues are inflation data and the November 17 RBA minutes.
Is 4.85% the peak, or could another hike follow?
#MarketLens #AUDUSD #RBA #ForexNews #CentralBanks
Australia's central bank raised rates to an 18-year high. But the 6–3 vote and softer forward guidance shifted attention towards a possible pause.
AUD/USD fell 0.3% to 0.6977 in Reuters' November 3 snapshot.
$AUD
BTCUSDT: Bearish short-term momentum dominates the 1H chart, with downside risk over the next 24 hours, although a temporary relief bounce remains possible.
MarketLens Take: Hawkish rate move, less-hawkish signal. The next clues are inflation data and the November 17 RBA minutes.
Is 4.85% the peak, or could another hike follow?
#MarketLens #AUDUSD #RBA #ForexNews #CentralBanks
