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How to trade tomorrows RBA interest rate decision AUDUSD

April 6, 2015 7:57 pm

At the time of writing this AUDUSD pair is trading at 0.7652, where as the pair traded at multi years low before release of US non farm payroll which disappointed the investors and AUDUSD pair climbed toward 0.7696 but this upward move was strongly rejected  and next hour after release of data the pair was at 0.7641 keeping in view the economic condition of Australia if we consult the last RBA statement where it stated the fall in commodity prices has effected the economic growth and RBA intends cutting interest rate which was expected last month 0n 3rd march from 2.25% to 2.0% however the RBA didn’t cut the interest rates and maintained the figure 2.25% now tomorrow if RBA cuts interest rate (expected) to 2.0% than likely AUSUSD will go down to level 0.7500 to 0.7435 and if interest rate remains same 2.25% than  50 to 70 pips upward moment is expected. keep an eye on economic calendar and trade accordingly.

Good Luck 

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