The RBA Australian rate decision is due Monday night

Will the bank of Australia decide to cut the rate from 2.25 to 2% on Monday night?
A survey of leading economists suggests that the opinions are split evenly,
about half of them think a rate cut is coming

Among traders, the belief of a rate cut is much higher - 75% believes the RBA will cut

It will be a tough trade to make on Monday night -- 4:30 GMT,
it is probably wiser to stand aside until the decision has fallen and look at the technicals

Gbp/Aud is very bullish at the moment, so I might buy that pre-decision
and get out before the verdict is made
I also may get back in if support levels around 1.94 hold if there is no rate cut,
and I might buy a retracement or go long immediately is a rate cut comes

gl all
Translate to Inglese Show original

Since you are not logged in, we don't know your spoken language, but assume it is Inglese
Please, sign in or choose another language to translate from the list.

– o –