Trading the Australian Interest Rate Rise using Forex

On Wednesday last week, the Reserve Bank of Australia raised rates by a quarter (0.25) percent to 6 percent. Here is a blog entry entitled "Nerves of Steel" which discusses the psychology behing a forex trade on the AUD/USD currency pair. Forex gives traders the opportunity to trade various news releases, economic data and interest rate moves. It is also said that FX is also great for technical chartists. Good Luck!