The interest rate decision and the Home Loans didn’t push AUD/USD over the edge. It trades in a mixed manner. Tonight’s employment figures could move it. If not, the Aussie will enjoy a calm Good Friday… The RBA decided to cut interest rates by 0.25% to 3%. Expectations were mixed between leaving rates unchanged and cutting them by 0.5%. The RBA went halfway, and cut rates by 0.25%. Immediately after the cut, yesterday at 4:30 GMT, AUD/USD rose nicely. But Home Loans weren’t mixed – they were disappointing – Australian Home Loans rose only by 0.4%, much less than 2% that was anticipated by economists. This took the Aussie downwards. But all in all, the Aussie’s moves this week are not large. No support or resistance lines have been broken. AUD/USD traded in a range between 0.7033 and 0.7168 – quite narrow for the last period. Thursday morning features significant releases regarding employment: Employment Change is expected to be negative, and show a loss of 24.8K jobs, contrary to a rise of 1.8K jobs last month. The second, complementary figure, is the Unemployment Rate, a figure that is more popular with the mass media. Australian Unemployment Rate is expected to rise to 5.4%, going up 0.2% from last time. These two releases are very important to the Aussie, and the last ones in this short trading week. If they turn out to be better than expected, AUD/USD can go over the major resistance line of 0.7267. If they’re mixed, the Aussie will keep on trading at a rather narrow range, and wait with the breakthrough for next week, after Easter. I continue to remain bullish on the Aussie. Here’s the technical analysis for AUD/USD this week. Happy holidays! Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next Forex Daily Outlook – April 9th Yohay Elam 13 years The interest rate decision and the Home Loans didn't push AUD/USD over the edge. It trades in a mixed manner. Tonight's employment figures could move it. If not, the Aussie will enjoy a calm Good Friday... The RBA decided to cut interest rates by 0.25% to 3%. Expectations were mixed between leaving rates unchanged and cutting them by 0.5%. The RBA went halfway, and cut rates by 0.25%. Immediately after the cut, yesterday at 4:30 GMT, AUD/USD rose nicely. But Home Loans weren't mixed - they were disappointing - Australian Home Loans rose only by 0.4%, much less than… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.