AUDUSD: Setup

It is possible that we will not see further cuts in interest rates by the RBA to stem the rapid rise in house prices and the increasing debt for housing, but as the RBA said in its official statement, further easing may be necessary later.

In their view, the Australian dollar is too high to be able to promote sustainable growth in demand. RBA Governor Stevens has already identified in December the AUD / USD at 0.7500 share as an appropriate rate to be able to change the orientation of monetary policy in Australia.

This goal may be well known why we have seen a fast movement to 0.7700, pushing the forex trader to make exchanges on the prospect of better prices in the long term, Stevens, or take a position on what could be another inevitable RBA rate cut.