MarlyForex
Short

AUDUSD - BEARISH SHARK COMPLETED SHORT!

FX:AUDUSD   Australian Dollar/U.S. Dollar
325 10 16
Update to follow.
We'll know on Tuesday if RBA cut rates .25. If they do, this will be a nice trade.
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MarlyForex PRO 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!
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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.
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MarlyForex PRO tokyotiger
thanks a lot for your input pal
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tokyotiger MarlyForex
Thanks for the chart. I closed my short. Looking for next opportunity
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MarlyForex PRO tokyotiger
anytime pal !!
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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.
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appreciate the input pal will keep a close eye
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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
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MarlyForex PRO tokyotiger
Thanks once again! yes i am still short and i added a position juts below yourself. Hopefully we have a great outcome
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