The Australian Dollar has been bid up on Tuesday, despite
today's RBA rate cut and round of softer Aussie retail sales.
Why is AUD stronger despite the rate cut? Simply because
it was already priced into the market, while the softer data has been less of a focus.
We are close to targets currently, and we have Gov
Lowe speaking in just over 30 minutes.
Stay flat ahead of Lowe, prefer pullbacks to engage this trend.
today's RBA rate cut and round of softer Aussie retail sales.
Why is AUD stronger despite the rate cut? Simply because
it was already priced into the market, while the softer data has been less of a focus.
We are close to targets currently, and we have Gov
Lowe speaking in just over 30 minutes.
Stay flat ahead of Lowe, prefer pullbacks to engage this trend.
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Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
Related publications
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.