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  1. #1
    Legendry Member milos's Avatar

    RBA will be reduced Cash Rate !!!

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    The pair stands below its resistance and remains under pressure.with targets 0.7735 and  0.7700  in extension.
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  2. #2
    Legendry Member milos's Avatar
    I hope so it will!
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  3. #3
    Legendry Member milos's Avatar
    RBA kept the benchmark interest rate in February to 2.25%,while the predicted reduction to 2.00%. Australia's current account fell in the fourth quarter to 9.6 billion dollars after falling from 12.1 billion in the previous quarter.Analysts had expected a decline to 19.9 billion dollars.
    Building Approvals rose to 7.9% after falling 2.8% while it was expected a decline to 1.8%. The pair remains on the upside and is challenging its resistance.Below 0.7770 look for further downside with 0.7735 and 0.7700 as targets.

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