Forex technical analysis: AUDUSD flat lines before RBA decision

Discussion in 'Technical Analysis' started by ForexLive, Nov 2, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    No change expected, although they could cut... The RBA will announce there latest decision on rates in the new trading day (10:30 PM ET/02300 GMT). The expectation is for no change at 2%, but with a bias for a cut to 1.75%. The lower quarterly CPI inflation report, slower growth from China and the recent mortgage rate hikes should keep the RBA leaning more toward increased stimulus. The question is the timing.

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