AUD/USD: FOMC WEEK…
The AUD/USD marked time into the start of the week and is likely to continue to do so until central bank extravaganza, including this week's FOMC. On Tuesday the US has durable goods orders and the Richmond Fed, but the real question is still the disposition of the Fed.
Expected range: 0.7533 – 0.7823.
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AUD/NZD continues to test higher as markets look forward to this Thursday’s RBNZ meeting and the potential for interest rate convergence.
Expected range: 1.1161 – 1.1338.