FXStreet reports that economists at Westpac discuss AUD/USD prospects.

“A$ TWI is printing three-year highs, but the Reserve Bank of Australia (RBA) can’t start to talk about excessive appreciation with base metal and energy prices surging. On Tuesday, the RBA Board should stress the long road to a labour market tight enough to drive wages growth to 3.5%+, consistent with inflation returning to the 2.5% target.” 

“The RBA is unlikely to provide encouragement to those pondering tightening ahead of the guidance provided last month. Still, positioning for a global rebound should keep AUD/USD well supported on dips, with scope for 0.8050+ multi-day.”