AUD/USD: RBA Decision Preview and What AUD Traders Need to Know
By James Thornton

AUD/USD is trading near 0.6580 ahead of next Tuesday's Reserve Bank of Australia policy decision. The market is pricing a hold, but the statement language will drive the pair.
What to watch in the statement: Any shift in the RBA's inflation language — from "some time" to "near-term" — would be interpreted as a dovish signal and push AUD/USD toward 0.6500.
China as the wildcard: Australian exports depend heavily on Chinese demand. A deterioration in Chinese PMI data alongside a dovish RBA statement would be a double negative for AUD/USD.
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