Short AUD/USD upticks, target 0.7025
Aussie sold-off in response to NAB's decision to hike home loan rates.
Investors wary that the mortgage rate hikes by major lenders could force the RBA to cut rates this year.
The pair is extending downside after rejection at daily cloud.
Price action has slipped below 20-DMA support raising scope for further downside.
Stay short on upticks, SL: 0.7135, TP: 0.71/ 0.7025
Investors wary that the mortgage rate hikes by major lenders could force the RBA to cut rates this year.
The pair is extending downside after rejection at daily cloud.
Price action has slipped below 20-DMA support raising scope for further downside.
Stay short on upticks, SL: 0.7135, TP: 0.71/ 0.7025