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Post-RBA pop and drop leaves AUD/USD in a precarious spot

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The market’s focus will be ping-ponging between major macroeconomic developments all around the world this week, and last night’s hotspot was clearly Australia, where the central bank met to discuss interest rates and monetary policy. As widely expected, the RBA left interest rates unchanged at 2.0%, leading to an kneejerk 25-pip spike in AUD/USD, but that move faded as the accompanying statement showed that the bank maintained (and perhaps even strengthened) it dovish tilt. In a nod to the

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