AUDUSD falls as the RBA cuts interest rates
Updated
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.