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AUDUSD Ahead of RBA Decision

FX:AUDUSD   Australian Dollar/U.S. Dollar
200 2 5
RBA will decide on their interest rate decision very soon. We are currently near a support level stuck within a range. However, RBA decision could break us out of this range. Consensus is that RBA must cut rates BUT if they shock and keep rates the same we could see a rally into the former resistance area . If they cut rates, we could break the support level and see continued downward movement. Be careful with this one.
RBA may skip cut this meeting :) Its never been done two times in row
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I agree this is definitely a possibility
+1 Reply
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