A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings All!
The Reserve Bank of Australia maintains and holds Interest Rates at 3.25%…while looking to the next Meeting for potential action.
The overall Economy of Australia remains a bit “resilient” considering the slightly better-than-expected Data Points of the last couple of days… as the Consensus for a substantial Rate Cut began to diminish.
On the Hourly here… a nice appreciation over the last few hours leading up to the Decision is indicative of “Priced-In” behavior.
Commentary is on the Capture, so give it a Click… and Post-Time is 3:45 GMT.
I wanted to briefly cover a couple of “Scenarios” dependent on your particular view here… and as mentioned… the Macro-Climate does support a Bearish view with Risk Aversion still the Name of the Game.
I will be back for another Update as we see more digestion and any “bleedout” of Data during the London Session into Europe’s Day today!
Hi Tim, Glad you posted the AUD/USD chart. This is the pair I have been watching too. With a difficult market lately this looks like a pair where a few pips can be made.
Greetings Joan, and thank you for your participation!
I do apologize for my delay!… I inadvertently missed your Comment!
Coincidentally, I have a Post today on the Aussie Dollar as well, so it may be of benefit to you!
Have a look and thanks again!
http://blogs.fxstreet.com/fxtoday/
Sincerely,
- Tim -