Australian Dollar Capped By Resistance Ahead of Q3 Inflation Data – DailyFX

Australian Dollar, Reserve Bank of Australia, Melbourne Lockdown, Coronavirus, Inflation Talking Points:

• The planned easing of Covid-19 restrictions in Melbourne, Australias second largest city, may buoy regional risk sentiment.
• The RBAs dovish stance could cap the Australian Dollars upside.
• AUD/USD rates continue to consolidate in Symmetrical Triangle above key support.

Falling Covid-19 Cases to Buoy Regional Sentiment
A significant easing of restrictions in Victoria looks likely in the coming days…

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