# AUD/USD: Rate Cut Retracement (August 6, 2013) Source: https://www.tradersway.com/resources/market-info/aud-usd-rate-cut-retracement-august-6-2013/ Language: en Updated: 2013-08-06 Description: Explore AUD/USD: Rate Cut Retracement (August 6, 2013). The Reserve. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. The Reserve Bank of Australia cut interest rates by 0.25% during their monetary policy statement today and, judging from AUD/USD’s reaction, this was expected by most market participants. However, a rate cut is still a rate cut. In comparison to the Fed which is looking to reduce stimulus soon, the RBA is still more dovish, which could mean that AUD/USD could continue to trend lower. ![AUD/USD: Rate Cut Retracement (August 6, 2013)] A short trade around the .9000 to .9050 former support area could be a good entry. Aiming for the recent lows or for new lows with a 50-pip stop would yield a high reward-to-risk ratio. Stochastic isn’t in the overbought region yet, which suggests the pair could pull up higher before resuming its drop. *By Kate Curtis from Trader’s Way.* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/aud-usd-rate-cut-retracement-august-6-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/aud-usd-rate-cut-retracement-august-6-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/aud-usd-rate-cut-retracement-august-6-2013/", "headline": "AUD/USD: Rate Cut Retracement (August 6, 2013)", "inLanguage": "en", "datePublished": "2013-08-06T12:47:02+00:00", "dateModified": "2013-08-06T12:47:02+00:00", "articleSection": "Market Info", "description": "Explore AUD/USD: Rate Cut Retracement (August 6, 2013). The Reserve. 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