AUD/USD Stagnates Around 0.6250 Following RBA Monetary Policy Meeting
In Tuesday’s trading session, the AUD/USD pair exhibits little movement around the 0.6250 mark. This stagnation follows the Reserve Bank of Australia’s monetary policy meeting, where the key Official Cash Rate remained unchanged at 4.1%. As the market awaited clearer guidance on future interest rates, analysts urge caution. The lack of significant price action indicates traders may be biding their time, watching for a breakout that could offer better trading opportunities.