Take a look at the current currency pair rates below:
GBP/JPY: Lowest 132.88 Highest 133.54 Current 133.20-25
EUR/JPY: Lowest 112.80 Highest 113.31 Current 113.07-12
USD/JPY: Lowest 81.72 Highest 81.97 Current 81.91-94
GBP/USD: Lowest 1.6248 Highest 1.6301 Current 1.6261-64
EUR/USD: Lowest 1.3796 Highest 1.3832 Current 1.3802-05
USD/CHF: Lowest 0.9282 Highest 0.9302 Current 0.9298-0.9301
AUD/USD: Lowest 1.0173 Highest 1.0203 Current 1.0182-85
AUD/JPY: Lowest 83.20 Highest 83.59 Current 83.42-47
Good morning (evening) everyone. Today may be a good day for selling the AUD/USD since it is overvalued at around one of its highest rates ever. What may influence this announcement in the next couple of hours is the Cash Rate (Interest Rate) that will be announced at 12:30 PM (UTC+9) by the Reserve Bank of Australia. Below is today's 1 hr. chart showing how the rate has reached 1.0200 and is currently floating between 1.0185 & 1.0200 and may continue to do so until the announcement result is out.
The Cash rate is expected to remain the same as last month's announcement at 4.75%. However, if it comes out the same again this time, there is a possibility for a retracement downwards. If the rate is lowered from 4.75%, expect the rate to possibly fall significantly. Any result above 4.75% may cause the AUD/USD to reach record highs.