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Technical Analysis AUDUSD : 2016-04-11

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Further interest rate cut possible Reserve bank of Australia (RBA) said on its meeting on April 5 the further strengthening of national currency will not support the economy. Meanwhile, it left the base rate unchanged on the record low of 2% adding that low inflation gives a chance for the further monetary easing. Will the Australian dollar weaken? According to the Fed funds futures, the chances for the single cut of the RBA rate in the forthcoming 12 months are estimated at 43%. The Australian

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