AUD/USD Trades Near Year’s High After RBA Decision

Today, the Reserve Bank of Australia (RBA) eased monetary policy, cutting the interest rate from 4.35% to 4.10%, according to Forex Factory.

As reported by Reuters:
→ This marks the first easing since the 2020 pandemic;
→ RBA Governor Michele Bullock stated that market expectations for two more cuts this year are “ambitious”;
→ The bank’s leadership remains cautious about further easing prospects.

While analysts had accurately predicted the February rate cut, AUD/USD saw volatility without a significant move, possibly because market participants are more focused on Trump’s tariff plans, which could impact global trade and Forex markets.

Technical Analysis of AUD/USD Today

Since mid-December, the AUD/USD pair has mostly traded within the 0.6200–0.6300 range, except for early February’s sharp drop when Trump’s tariff policies shook currency markets.

However, demand appears resilient:
→ After plunging to around 0.6100, the price quickly rebounded into the range;
→ Arrows highlight rapid recoveries after short-term dips;
→ A blue ascending trend channel is forming on the chart.

These factors suggest growing appeal for the Australian dollar, with the 0.6300 level potentially acting as support going forward.