The ‘shackles are off’ AUDUSD

The RBA cut interest rates to percent unexpectedly on Tuesday in an attempt to devalue the Australian dollar to USD . Steve Lucas from 3c Analysis notes that levels got close to the central bank’s target hitting a low of USD on Tuesday. The currency has since experienced a slight rally, providing an opportunity for those interested in shorting the currency pair. RBA treasurer, Joe Hockey said that the rate cut is “good news for Australian families and it’s good news for Australian bus