Earlier today the Reserve Bank of Australia cut interest rates by 0.25% 3 May 2016
Cue the understandable AUD collapse but after holding the 0.7550 area I highlighted earlier the pair has taken full advantage of the USD-neg sentiment this morning to rebound to 0.7630.
Currently 0.7618 we can expect more sellers into 0.7650. Still keep an eye on AUDJPY which has held 80.00 so far but yen demand expected to re-appear.
