$AUDUSD range bound but pressure is building

Technicals :

Clear range bound. Interesting note - even with broad USD weakness it still can not break out of the range


Fundamentals :

Pressure on RBA to cut rate is mounting up. We will look more direction from Gov Glenn Stevens on Monday.

Currently there is no reason to suggest RBA will not cut rates.


RBA has tried to talk the currency down several times. Very little success.