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AUD/USD falls below 0.7800 after RBA eases

Pair has fallen sharply after RBA cut 25 BPS to 2.00% Market was paring back expectations of cut since this morning This should ensure some downside follow-through as some shorts covered earlier Key Fibonacci support at …

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  • Pair has fallen sharply after RBA cut 25 BPS to 2.00%

  • Market was paring back expectations of cut since this morning

  • This should ensure some downside follow-through as some shorts covered earlier

  • Key Fibonacci support at 0.7740 which is the 61.8% of 0.7534/0.8077 move

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560