The AUD/USD pair trades in the 0.6660 price zone ahead of the Asian opening, little changed from its daily opening.
AUD/USD Current Price: 0.6664 The RBA Meeting Minutes had a limited impact on the Aussie amid retaining the hawkish tilt. The Reserve Bank of New Zealand will announce its monetary policy decision on Wednesday. AUD/USD pressures the lower end of its weekly range, bearish momentum absent. The pair eased early on Tuesday, weighed down by the poor performance of global indexes while barely affected by local news. Australia published May Westpac Consumer Confidence, which improved to -0.3% from -2.
Australia will not release relevant macroeconomic data on Wednesday, although news from neighbouring New Zealand may affect the Aussie. The Reserve Bank of New Zealand is set to announce its decision on monetary policy after leaving the OCR unchanged at 5.50% for five consecutive meetings. AUD/USD short-term technical outlook The AUD/USD pair bottomed at 0.6645, now an immediate support level.
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