The post-RBNZ surge in NZD/USD gave AUD/USD an early lift. With the market now pricing out RBA OCR cut in November, short-covering and investment flows back into Asia could see AUD/USD back up to 1.0400-20.
Strategy: Cover Short Position @ 1.3301, Target 1.041
Comments
protegefx
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Profit closed at market as price action consolidate above target