RBA Interest rate cut

RBA cut interest rate by 25 basis points on Tuesday 2.30pm, market react strongly and AUD/USD fell more than 100pts in the first mins, to around .7560, Europe market open have some short covering back up to .7626 however AUD/USD trade back down again during US session. The dollars index have some rebound more than 100 pts after test the January 2015 low of 91.92. Non-US currency are react to the dollars index and fallen sharply, early this morning AUD/USD touch the low of .7485.

Superforex rate AUD/RMB this morning trading at 4.9330/4.9880. this should consider as first retracement after 10% rose in the last two months. Any interest please contact us on the hotline 1300663133 or wechat: superforex-au

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Posted in Foreign Exchange News.