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The Reserve Bank of Australia leave the interest rate unchanged to 1.75%. Moreover, the RBA statement was less dovish as compare to previous statements and there was no mention of future interest rate cut and as a result Aussie Dollar gained against other major currencies.
From technical perspective, AUDUSD is still in corrective move after a steep decline. The pair has now retraced around 50% however there doesn't seem to be any selling interest yet, so that best option would be to wait for proper price action either bullish or bearish in order to initiate trade.
From technical perspective, AUDUSD is still in corrective move after a steep decline. The pair has now retraced around 50% however there doesn't seem to be any selling interest yet, so that best option would be to wait for proper price action either bullish or bearish in order to initiate trade.
