The meeting minutes from the recent rate decision by the RBA show that the central bank is still concerned with the high value of the Australian dollar. The minutes did not provide any huge news, but were enough to limit any gains by the Aussie. Glenn Stevens and his colleagues also left the door open to future rate cuts. They decided not to signal an intent to imminently reduce rates, but also not to close off this option. Here is how it looks on the chart: The Australian dollar reacted with a drop, with AUD/USD slipping under 0.93. As the USD began retreating in the European session, the Australian dollar recovered, but it seems clearer that the pair will find it hard to recapture high resistance at 0.9344, and that the break above this line was only a false one. For more on the Aussie, see the AUDUSD forecast 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 Forex News Today: Daily Trading News share Read Next Remarkable come-back by the Indian rupee – will it Ronnie Chopra 9 years The meeting minutes from the recent rate decision by the RBA show that the central bank is still concerned with the high value of the Australian dollar. The minutes did not provide any huge news, but were enough to limit any gains by the Aussie. Glenn Stevens and his colleagues also left the door open to future rate cuts. They decided not to signal an intent to imminently reduce rates, but also not to close off this option. Here is how it looks on the chart: The Australian dollar reacted with a drop, with AUD/USD slipping under 0.93. As the… 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.
