AUD/USD @ 1.0780
RBA puts rates on hold and quite rightly so.
Only a few bank economists trying to spur cheaper funding (no doubt from their management) using media called this lower and paid the price.
We have had a crack at 1.08 which was met with sellers.More than likely averagers as the market was short.
Personally I think we are heading to assault 1.10 again as there is no reason to sell (YET)
EUR/AUD and GBP/AUD have broken major supports again. Given the price action the market isnt short these crosses either.
Good luck
RBA puts rates on hold and quite rightly so.
Only a few bank economists trying to spur cheaper funding (no doubt from their management) using media called this lower and paid the price.
We have had a crack at 1.08 which was met with sellers.More than likely averagers as the market was short.
Personally I think we are heading to assault 1.10 again as there is no reason to sell (YET)
EUR/AUD and GBP/AUD have broken major supports again. Given the price action the market isnt short these crosses either.
Good luck