Im not buying the RBA jawboning of AUD. Chances are they are setting up for a rate hike soon enough and want as much space to work with in regards to AUD strength. 15pip SL or so
Comment:
15 pip Sl held quite well and we got over the first hurdle. Demolishing RBA jawbowing and going above pre-rba meeting price. For now short term TP is 0.797 but its not a bad idea at ALL to hold until 0.86 as a long term target as the weekly chart is quite bullish for overall