The Reserve Bank of Australia bluffs and scares the AUD

Australian dollar forecast for today

Open the AUD/USD positions according to the outcomes of the RBA meeting

It is difficult to predict the currency trend if it depends on a non-economic unpredictable factor. This results in controversial forecasts. That was with the pound amid Brexit talks in 2018-2019. That is now with the Australian dollar, which is very responsive to the global economic growth that depends on the COVID-19 situation. According to Morgan Stanley, The AUD/USD will be up to 0.73 at the end of 2020. JP Morgan and Rabobank, on the contrary, see the Aussie down to the lowest…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>