Global macro overview for 07/07/2015
The RBA decided to leave the interest rates unchanged at the level of 2% last night just in line with analysts' expectations. As the result the AUD/USD pair is still trading lower at the level of 0.7436. A drop is not likely to stop any time soon. The next level of support is seen at the level of 0.7264 is the weekly time frame. Please notice that the Australian dollar keeps falling to a new 6-year low now and this sell-off might not stop until the level of 0.7264 is tested.