RBA cut rates, EUR/AUD strongly up!

eur-aud 03.02.

I have allready pointed at this pair potential at my analysis from January 29. and January 30. After RBA cut rates early in the morning by 25 bps, from 2,5 to 2,25%, euro rises sharply vs aussie and pushed the pair from 1.4485 to 1.4855, which is previous resistance from begining of January. Very nice daily gain here, let’s follow what will happen next. On the way down, 1.4760 is holding for now, 1.4650/60 stronger support.

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