FXstreet.com (Buenos Aires) - After strong intraday swings majors enter Asian session holding in small ranges, awaiting for RBA decision; the Central bank is expected to rise rates for another 0.25 basis points, and some economist even expect a more aggressive hike of 0.50 bp after the uptick in medium term inflation pressures. The movement, along with an expect rise in local shares, likely trigger some risk appetite across the board, despite Japan markets will remain closed for holidays.
AUD/USD quotes at 0.9054 with a slightly bullish perspective for next hours. Immediate resistance comes at 0.9080 area ahead of 0.9120 and 0.9170 level. Supports lie at 0.9015, 0.8970 and the 0.8940 strong zone.
EUR/USD likely to follow sentiment triggered by RBA decision, needs to regain 1.4810 to extend the upside with resistances at 1.4850 area, and 1.4890; supports form current level lie at 1.4740 and 1.4680/1.4700 area.