The RBA's rate cut triggered a sharp sell off in the Aussie dollar across the board. Most traders were watching the AUDUSD's drop below 1.0325 or AUDJPY's approach to the 80 neckline. These risk sensitive pairs have certainly responded, but follow through is far more dependent on cooperation from broader investor sentiment - which has proven quite stubborn. Fundamentally speaking, it would be easier to secure a bear trend on pairs like AUDNZD and AUDCAD. We take a closer look at the Australian dollar crosses as well as the pent up opportunity in risk trends in today's video.
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Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.