EurAud- correction around the corner?

2020-03-03 14:23:13


From 1.61 EurAud has risen continuously for 9 consecutive days reaching a value of over 1.71.
With RBA cutting rates 50 minutes ago (at the time of writing) and thus having no effect on the market, we can conclude that the cut was already taken in the price.
A technical correction is inevitable for this pair and we can see the price falling to the support area from 1.66