Get started
TradeTheStructure

AUDUSD falls as the RBA cuts interest rates

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
TradeTheStructure Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns AUDUSD fx tradesetup currency interestrates
6
0
trendanalysis chartpattern audusd fx tradesetup currency interestrates
The Reserve Bank of Australia has cut interest rates to record lows causing the Aussie to fall. Watch for a reaction higher off the BidZone around 0.6690.
Comment:
The AUDUSD bounced off the BidZone as expected but buyers are running out of steam....watching now for the squeeze lower and sell entry off a shoulder.

Related Ideas

TradeTheStructure
The AUDUSD continues the march lower
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.