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GIgor_021
Feb 4, 2020 6:43 AM

AUDUSD: possible scenario Short

Australian Dollar/U.S. DollarFXCM

Description

RBA interest rate decision remained unchanged (0.75%), while the market was pricing interest rate cut.. that's why AUD is bullish at the moment..

..however global uncertainty around China might put another selling pressure on AUDUSD.

Joining bears from 0.674-0.6779 price zone with 0.665 T/P provides decent R:R (at least 2.31).

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Trade closed: target reached

Comments
spheric
The market had it at a 20% chance of a rate cut but the text was upbeat.
GIgor_021
@spheric, yep.. RBA assured everything is ok in Australian economy.
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