im surprised at how the aud is holding the range between 7476 to 7490 for the past 2 hours. been riding it up then selling it down. numerous times already for an average of 8pips earned per trade. wonderful R/R to play with.
i suspect the aud will be held within a relatively narrow range next week as we wait on the fed. AUD fundamentals now are all about yield differentials, and so it's all about whether we're gonna see a US rate hike. a sept hike may already be quite fully priced in so there's a chance we might see the AUD rally even a hike is done. sell the rumour, buy the fact. good weekend!
i suspect the aud will be held within a relatively narrow range next week as we wait on the fed. AUD fundamentals now are all about yield differentials, and so it's all about whether we're gonna see a US rate hike. a sept hike may already be quite fully priced in so there's a chance we might see the AUD rally even a hike is done. sell the rumour, buy the fact. good weekend!