AUDUSD moves back lower on reports that RBA will cut at the next meeting
Technical Analysis
Terry McCrann of Australia's Herald Sun says the RBA will cut after weaker employment report disappoints
The Herald Sun's Terrry McCrann came out with an article earlier saying the RBA will cut rates at the next meeting in 18 days. The employment data that was released earlier today, was mixed, with better employment growth, but in part-time, not full-time, but that was off a huge full-time growth the previous month. Further muddying the picture was a move higher in the unemployment rate to 5.2%, with the previous month revised higher to 5.1%. McCrann cites the higher unemployment rate as the reason.

