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Forex pairs in this Article » AUD/USD (San Francisco) - AUDUSD finished lower Tuesday at 1.0388 (vs. 1.0410 ) as traders digested the Minutes of Australia's Reserve Bank November meeting released yesterday, which revealed that "members considered that further easing may appropriate in the period ahead," the Minutes read.

RBA Governor Glenn Stevens made dovish comments in his speech last night, saying that "further easing might be required over time," which has added to the possibility of another rate cut before year-end .

According to Bloomberg, traders are pricing in a 69 percent probability that the RBA will reduce the key rate again next month, and Scotiabank Economics expects the central bank to ease by 25bps to 3.00%

As Valeria Bednarik, Chief Analyst at explains of AUDUSD: "[the pair] is far from suggesting more gains & showing not much strength at the time being."

Ms. Bednarik adds: "If the EU comes to a deal on Greece, risk appetite will drive the pair higher, with 1.0445 as main bullish target for today, while the downside will be exposed on renewed pressure over 1.0360 support area."

AUDUSD now stands at 1.0385. The analyst identifies support levels at 1.0330 and1.0295, while bullish targets are noted at 1.0410, the mentioned 1.0445 level, and 1.0490.
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