Australia Holds Key Rate as Economy Withstands Global Slowdown

Annoying but I understand their reasoning.
The economy is robust and unemployment is expected to remain at current levels so I'm afraid that's the lowest interest rate we're gona have.
Not very good news for people with mortgages but is good for self funded retirees who live of interest.

Lol you guys are funny, you obviously don't know the RBA, they are always hawkish on interest rates, read the RBA statement and you'll understand

then let's go down to 1.2000

I believe the rate will fall. It's among the highest in the world. Australia is only holding on due to the bang-up first half. With China and Europe slowing, and the US puttering, their economy will continue to slowdown.

Edit: Hell, even Swiss GDP is contracting.

If you look at the pair in terms of the fractal geometry of price - the opposite view is much more likely. Consider it "trojan" technicals - for if markets were so obvious you all will be rich by now. But markets are inherently well defended against determination (especially by so-called fundamental reasoning so pervasive in trading - which has little to do with predicting price).

The idea is really simple - the behavior of the unitary bar within defined S/R constraints - explain the basic market sentiment required to discern direction. For now - we are more likely to head north medium-term than south.

how audusd will react on it ?

aus will be singled out for punishment....short on aus property and short on aus $$