AUDUSD falls as the RBA cuts interest rates

FX:AUDUSD   Australian Dollar / U.S. Dollar
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.


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