Currency investors should consider staying short AUD/USD and use rebounds to establish short positions at better levels ahead of the RBA meeting this week, advises Barclay Capital in its weekly FX pick to clients. The trade is macro-technical driven. The following is the rationale behind this call along with the details of Barclays' recent short AUD/USD position. On the macro rationale: RBA to cut this week: "We narrowly favour a 25bp rate cut by the RBA, to 2.00%, on 7 April (Tuesday), given that the RBA is indirectly signaling it may act sooner than it previously thought. The OIS market is pricing in an 80% ... (full story)