RBA Cuts & Election Stunts

The Reserve Bank of Australia has done the expected and cut interest rates to a new record low at 0.1%. The markets responded negatively with the AUD/USD dropping to a low of 0.7035. However much of the downside had been factored in since Friday and therefor has not startled the pair too much as the […]

AUD/USD struggles ahead of RBA interest rate decision

The expectation for this rate decision is that the RBA will cut rates to a record low at 0.10%. This is weighing heavily on the Aussie as we see it fall closer to 0.7 a major support level for the pair. Although it did breach the this support, falling to 0.6996 it was only for […]

Bulls take charge on RBA decision

The bulls have charged through resistance and looking strong for the day. With the RBA deciding to keep the interest rates on hold at 0.25% we see the AUD/USD hovering around 0.7200. All eyes will be on the Federal Budget where tax cuts are expected to be announced. Technically the pair looks strong to hold […]