AUDUSD Needs a Catalyst; Will It Be the RBA? | Forex Factory

  • AUDUSD Needs a Catalyst; Will It Be the RBA?

    From dailypriceaction.com

    With the next RBA (Reserve Bank of Australia) rate decision and statement just around the corner, it’s a good time to refresh our memory of the AUDUSD technical landscape. And just so there are no false hopes, the AUDUSD technicals haven’t been the most exhilarating. A view of the price action since late last year shows indecision. The pair has gone nowhere in the last six months apart from the January 3rd flash crash which didn’t last long. It’s become clear the Australian dollar needs a catalyst to end the slumber. However, despite the uneventful price action, there are two notable technical events to ... (full story)

Comment Options
KeenPips
Apr 1, 2019 12:38pm
Permalink
Personally, I will look to selling the AUDUSD upon a northward retracement to an area of value, say, the channel resistance or the horizontal resistance around the 0.72270 area.

KP
Reply
Hutch
Apr 2, 2019 1:29pm
Permalink
Now that last year's budget showed the first surplus in 12 years Australians should be happy that, although the economy is not the best ever, it's a lot better than those of its partners. Additionally, the budget surplus shows that the government is prudent with its spending unlike the government of most other countries.
Reply
cogs
Apr 1, 2019 6:03pm
Permalink
More jaw boning, budget tonight so a lot of fat people in suits fluffing up their important roles as politicians. Employment figures great, budget surplus bla bla and one last bla.
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats