AUD/USD: the pair has declined by 2% after the interest rate decisions by RBA. Technical analysis of 03/05/2016

Forex analytics: Review and dynamics Since mid-January when the pair was at the level of 0.6835, AUD/USD has grown by 14% up to the level of 0.7820, which was reached in the second half of April. The level of 0.7820 is crossed by Fibonacci 38.2% to the last wave of decline since July 2014. Significant rise in the national currency started to worry exporters, while RBA was the only large world’s bank, which did ...