The Aussie traded in one direction since beginning of the year on the RBA monetary policy speculation.
Based on the previous few years, most of the event risks triggering an AUDUSD sell-off below 1.02 were in the Euro Zone turmoil period. Given the larger expectation for the RBA’s “standby attitude,” together with the technical support, the coming support might stand around the 1.02 line.
Via: Daily Market Report for 1 March 2013: China’s Manufacturing Shows Less Expansion
