AUD lower after Stevens comments

RBA Governor Stevens was reported on Bloomberg as saying that they were very close to lowering rates yesterday. Looks like next month is a done deal! AUD/USD dipped to 0.9120 on the reports. Best wait for confirmation before getting beared-up at the lows.

  1. The best we could hope for is double bottom at .9111 but the Aussie just made a new fresh low braking this level briefly. I sold AUDUSD yesterday to hedge my short GBPAUD.

  2. Hello,

    Taking into consideration the fact that the market has already priced in 60% of a rate cut, is it probably to see a rebound in the short term?

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