Investors following tactical strategies should consider selling AUD/USD into the RBA meeting this week, advises Barclays Capital in its weekly FX pick to clients. The trade is macro-technical driven. On the macro-side, Barclays' rationale is as follows: "We expect the RBA to cut 25bp this week. The market is divided with six economists including ourselves calling for a cut while 21 others looking for unchanged outcome. And OIS is currently pricing in c.15bp cut at this meeting and 50bp cut by May. A cut by the RBA this week, earlier than the market expects, is likely to weigh further on the AUD. This is ... (full story)