FX:AUDUSD   Australian Dollar / U.S. Dollar
326 10 16
Update to follow.
This is going to 73 at least, you still in the trade? News: RBA Quarterly Statement on Monetary Policy states policy easing is based upon lower inflation outlook and cooling in the housing market. I reentered at 74.43
MarlyForex tokyotiger
Thanks once again! yes i am still short and i added a position juts below yourself. Hopefully we have a great outcome
Gold is also making an advance but appears to be in position to make its first retracement this week. It might not be a big surprise if the RBA don't cut rates, but a major a selloff seems likely with gold declining, compounded by an interest rate cut.
MarlyForex LeonardoL
appreciate the input pal will keep a close eye
We'll know on Tuesday if RBA cut rates .25. If they do, this will be a nice trade.
MarlyForex tokyotiger
what happens if they don't cut rates? i done bit of reading and the rates have stayed unchanged for a few years now!
tokyotiger MarlyForex
Yes, the last rate cut was 12 months ago. However, Aussie CPI numbers were surprising building pressure for the RBA to cut. No cut, AUD will surge up.
MarlyForex tokyotiger
thanks a lot for your input pal
tokyotiger MarlyForex
Thanks for the chart. I closed my short. Looking for next opportunity
MarlyForex tokyotiger
anytime pal !!
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