During the Asian session, the RBA left the interest rates unchanged. The Australian dollar managed to push off levels at 0.66880 - 90 and remained above the key level at 0.67000. The central bank has left interest rates at current levels, as expected. The ensuing August report made it clear that the bank did not remain materially aware of its future intentions. The only major change is the bank's view of the labor market. Their expectation is that unemployment will continue to fall in the coming years to about 5%.
Despite the lack of action at this stage by the bank, the Australian dollar remains within the range, and we can only look for sales at the top in the diagonal resistance to intraday deals. The zone at 0.67335 remains an important resistance that limits the upward movement. Fundamental factors such as the trade war still remain negative for the AUD / USD exchange rate.
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