AUD/USD unimpressed by RBA financial stability review

AUD/USD pair turned a blind eye towards RBA financial stability review, which offered little or no reason for Aussie bulls to make their presence felt.

Hovers around 5-DMA

The currency pair was last seen hovering around 5-DMA level of 0.7569. The RBA reported acknowledged lessened risk in the household sector but warned about rising bad debt levels in mining areas and New Zealand dairy.

Meanwhile, sideways action in gold and oil prices is also keeping the bulls at bay. Moreover, US dollar remains bid on account of the rise in the treasury yields.

AUD/USD Technical Levels

Acceptance above 5-DMA level of 0.7569 would open doors for 0.7604 (50-DMA), beyond which the spot could target 0.7628 (Oct 10 high). On the other hand, break below 0.7536 (100-DMA) could yield a test of 0.75 (zero figure), where a violation would expose 200-DMA level of 0.7440.