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[QUOTE="lexaxo, post: 219802, member: 103289"]
[HEADING=2][/HEADING]

At its May monetary policy meeting, the Reserve Bank of Australia ([B]RBA[/B]) board members decided to lift the Official Cash Rate (OCR) by 0.25% to 3.85. That said, market players widely anticipated the Aussie central bank’s inaction.
AUD/USD reaction
Following the Aussie central bank’s widely anticipated status quo, the AUD/USD pair dropped nearly 15 pips to test 0.6770 before recovering to 0.6785, where it was trading before the Policy announcement. The pair is trading modestly positive on the day.
[HEADING=3]Also read: AUD/USD Price Analysis: Well set for further downside past 0.6650 on RBA Day[/HEADING]
AUD/USD: 15-minute chart
 
Trend: Further downside expected
[B]About RBA rate decision[/B]
RBA [B]Interest Rate Decision[/B] is announced by the [B]Reserve Bank of Australia[/B]. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.
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