Aussie Inflation is higher than Expected but still lower than this time last year.
So considered a knee jerk reaction that would be why price has fallen towards previous levels quickly.
Traders saw this coming as they been buying AUD all week even though USD has been the strongest and centre stage the last few weeks but they all get a turn eventually even if it's to catch traders off guard they are a cunning lot.
Sentiment is saying it should come down as 97% of Traders are Short top of my Chart and over-extended their target by 101 pips at the moment with down side target of 107 pips away.
Aussie is currently strong at the mo though fly in the ointment
Only 10 pips in it but was away from computer as this all played out, one day EA's galore.
Lets see
So considered a knee jerk reaction that would be why price has fallen towards previous levels quickly.
Traders saw this coming as they been buying AUD all week even though USD has been the strongest and centre stage the last few weeks but they all get a turn eventually even if it's to catch traders off guard they are a cunning lot.
Sentiment is saying it should come down as 97% of Traders are Short top of my Chart and over-extended their target by 101 pips at the moment with down side target of 107 pips away.
Aussie is currently strong at the mo though fly in the ointment
Only 10 pips in it but was away from computer as this all played out, one day EA's galore.
Lets see