AUDUSD: LONG [D] [10/07]
AUDUSD | Weak | 0.7200 – 0.6700
- The RBA reduced rates further to 0.75% commenting that support to the economy from fiscal stimulus is needed as future rate cuts may be less effective to encourage economic growth.
- Employment expectations are looking to set 3% as the “new 5%” normally considered to represent full employment
- Aussie spiked to 0.6675, recovered to 0.6800 and is ranging between 0.6800 and 0.6740.
- 1st Key SELL area 0.6915/0.6890 R25
- Waiting for buying to resume
- The RBA reduced rates further to 0.75% commenting that support to the economy from fiscal stimulus is needed as future rate cuts may be less effective to encourage economic growth.
- Employment expectations are looking to set 3% as the “new 5%” normally considered to represent full employment
- Aussie spiked to 0.6675, recovered to 0.6800 and is ranging between 0.6800 and 0.6740.
- 1st Key SELL area 0.6915/0.6890 R25
- Waiting for buying to resume
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