Disliked{quote} rate cut has been only postponed to early 2014 but it is still in. This has been already priced in. Jobs and mining are still bad. housing sector is probably close to a bubble. China has been dodgy recently. I don't see a big move up right now. Some consolidation is more likely.Ignored
If I was an investor, I would use this opportunity to buy Aussie at a good price until next decision is handed down after rate cut affect has been assessed.
smart investors would see this as a win/win.
the postponement puts the down slide breaks on for a while.
if in 2014 they decide to cut further, I close my trade and bank my profit.
If they don't cut in 2014, I just keep riding it.
either way, this postponement is a buying opportunity I would have thought, and 200 pips retrace on this postponement is quite reasonable considering the techs also.
those are my thoughts anyway.
Come with me if you want to live....