remelthomas
Short

AUDUSD 4 HOUR SHORT

FX:AUDUSD   Australian Dollar/U.S. Dollar
MARKET WAS PRICING IN A 80% CHANCE AUD WILL CUT RATES TODAY BUT RBA DECIDED TO LEAVE RATES UNCHANGED WHICH SHOCKED THE MARKET CAUSING AUD TO RALLY. RBA SEES FURTHER EASING MAY BE APPROPRIATE IN PERIOD AHEAD AND THEY ALSO STATED AUD NEEDS TO BE LOWER TO ACHIEVE BALANCED GROWTH. THIS MAKES AUD A BETTER PRICE TO GET IN AND SELL IT RIGHT BACK DOWN TO SUPPORT.
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