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Thomson Reuters
Feb 07 - 11:00 PM
AUD/USD - Lower As RBA Cuts Growth Forecasts
First appeared on eFXplus on Feb 07 - 07:45 PM
  • AUD/USD lower as RBA lowers GDP forecasts, worries about China
  • Sees 2.8% GDP growth in 2018, 3.0% 2019 and 2.7% in 2020 and 2021
  • RBA also says housing a significant uncertainty nRUA7DEF4K
  • AUD/USD low so far 0.7062, breaking Jan 21 low and 38.2 Fibo at 0.7074/76
  • Momentum studies and moving averages head lower - bearish setup
  • Targets 50% retracement of post flash crash rally at 0.7005

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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