AUDUSD | Weak | 0.7200 – 0.6700
- The RBA reduced rates further to 0.75% commenting that support to the economy from fiscal stimulus is needed as future rate cuts may be less effective to encourage economic growth.
- Employment expectations are looking to set 3% as the “new 5%” normally considered to represent full employment
- Aussie spiked to 0.6675, recovered to 0.6800 and is ranging between 0.6800 and 0.6740.
- 1st Key SELL area 0.6915/0.6890 R25
- Waiting for buying to resume
- The RBA reduced rates further to 0.75% commenting that support to the economy from fiscal stimulus is needed as future rate cuts may be less effective to encourage economic growth.
- Employment expectations are looking to set 3% as the “new 5%” normally considered to represent full employment
- Aussie spiked to 0.6675, recovered to 0.6800 and is ranging between 0.6800 and 0.6740.
- 1st Key SELL area 0.6915/0.6890 R25
- Waiting for buying to resume
Twitter: www.twitter.com/tradeaviator
YouTube Get Togethers: www.youtube.com/c/tradewithufos
Get Together Schedule: www.tradewithufos.com/get-together
Community: www.tradewithufos.com/actiontime
Facebook: www.facebook.com/tradewithufos
LinkedIn: www.linkedin.com/company/tradewithufos