FX:AUDUSD   Australian Dollar / U.S. Dollar
203 2
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
I agree this is definitely a possibility
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out