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View Full Version : Technical Analysis: AUD/USD rallied into the RBA announcement on interest rates



Carlos
04-04-2012, 11:21 PM
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AUD/USD rallied into the RBA announcement on interest rates during the local session as the market was convinced that the RBA would not change from 4.25% whilst they waited for more information like the CPI and GDP data. However, even though they didn’t cut, the release statement did signal a lean towards a cut in the near future if data releases remain soft. AUD fell from the 1.0465 level to break below 1.0400 with the normal 1.0360 support holding the pair up during the European session. The http://feeds.feedburner.com/~ff/technical/analysis-reports?d=yIl2AUoC8zA (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=Gs1DCe9VFw8:pYnFJ3kyTnE:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/technical/analysis-reports?d=qj6IDK7rITs (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=Gs1DCe9VFw8:pYnFJ3kyTnE:qj6IDK7rITs) http://feeds.feedburner.com/~ff/technical/analysis-reports?i=Gs1DCe9VFw8:pYnFJ3kyTnE:F7zBnMyn0Lo (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=Gs1DCe9VFw8:pYnFJ3kyTnE:F7zBnMyn0Lo)


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