Following its decision on 7th May, the Reserve Bank of Australia (RBA) opted to maintain the interest rate at 4.35%, despite inflation continuing to decrease at a slower pace than anticipated by the RBA. “I think we still think they’re reasonably balanced with perhaps a little bit of a signal that we need to be […]
GBPAUD reversed from key support level 1.9135 Likely to rise to resistance level 1.9400 GBPAUD currency pair recently reversed up from the key support level 1.9135, which reversed the price sharply in April. The support level 1.9135 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction of the previous sharp […]
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