well it gapped down a bit at open so i opened another buy position however Aussie anaylsts are talking about a july rate cut by the reserve bank of Australia in july. todays range is tipped to be between 7350 and 7550
AUD/USD Long near support area!!!
- Thread starter inakocibelli
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well it gapped down a bit at open so i opened another buy position however Aussie anaylsts are talking about a july rate cut by the reserve bank of Australia in july. todays range is tipped to be between 7350 and 7550
Oscar Reed
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RBA will need to see CPI first, release 27th July.
Depend on the number, so possible cut in August.
Nothing will happen in July meeting.
Unless the world goes mad.
I'm playing more the long game, but have also have some areas to sell into.
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RBA will need to see CPI first, release 27th July.
Depend on the number, so possible cut in August.
Nothing will happen in July meeting.
Unless the world goes mad.
I'm playing more the long game, but have also have some areas to sell into.
Ive gone long too. i think the australian economy has done well since to previous rate cut and against the USD it should continue to build with commodity prices up.
