The fact is RBA abandoned the dovish side and they talked up Aussie on Monday Meeting.
Definitely RBA will not cut rate any more in this year event prepare to normalize monetary poicy next year by gradually hike rate.
I see Australia is seeking to escape from China and diminish the dependance against China.
Hence, I think the downside risk of Aussie should stop at current level and profit taking begins to dominate market.
Today, main focus is Australia Employment report, and I think the report should reflect my view about Australia economy,
The pair I trade today is AUDJPY .
I see AUDJPY is at the low at 89.20, this level is a strong and AUDJPY bounced from this level.
Target I choose is 96.90, stop loss should be at 89