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Mar 3, 2015 2:19 AM

AUDUSD Ahead of RBA Decision 

Australian Dollar/U.S. DollarFXCM

Description

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.
Comments
wwfm
RBA may skip cut this meeting :) Its never been done two times in row
TradersClassroom
I agree this is definitely a possibility
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