RBA Saves Aussie from Nosediving. Forecast as of 07.08.2024

Markets managed to recover from severe turbulence. Yesterday's winners have become losers and vice versa. Notably, the RBA's intention to maintain the rate at 4.35% for at least six months supported the AUDUSD pair's upward movement. Let's discuss this topic and make a trading plan.Highlights and key points Central banks react to panic in financial markets. The RBA argues that investors are wrong. The withdrawal from carry trade transactions is still ongoing. Short trades can be opened if the AU