OANDA:AUDUSD   Australian Dollar / U.S. Dollar
On our analysis on the 03.05 we identified the RBA meeting and the resistance level we at around 0.7040 as key to developments in the currency pair. The RBA didn't cut rates which saw AUD/USD move as high as 0.70482 so therefore as planned increased our short position mainly due the ongoing US-China trend tension and now will look to take some profit below 0.70.
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