AUD/USD Forecast: 03/05/2016
Australia's Cash Rate
On May 3, 2016, the Reserve Bank of Australia is expected to announce an interest rate decision. There are certain reasons to believe that this time the cash rate might be cut. As a rule, in such cases an immediate weakening of the national currency is expected to follow after that.
In this case, a sell position on AUD/USD, opened upon the release of the interest rate decision, can make a profit of $1,500 and over in a short period of time, with trading one lot.
Australia's Cash Rate forecast: 100 pips