In this video update, we take a look at the RBA's recent rate announcement.
The RBA held interest rates and despite the recent weak data they are considering it
as a minor bump in the road on the way to hiking interest rates. This was seen as a positive
by the market, and price rallied back into the trendline resistance. We have to take caution however
here as the data could prove the RBA wrong.
The RBA held interest rates and despite the recent weak data they are considering it
as a minor bump in the road on the way to hiking interest rates. This was seen as a positive
by the market, and price rallied back into the trendline resistance. We have to take caution however
here as the data could prove the RBA wrong.