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Australian Dollar / U.S. Dollar
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Short AUDUSD - RBA possible3-4 interest rate cuts over next year

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Latest Australian economist forecasts is for 3-4 additional interest rate cuts over the next year as economy slows taking RBA rate to 0.5%. It is hard to see how this news will enable AUD to move any higher through .6930 resistance level. Take a stop just above.
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Chart PatternsTrend Analysis
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.