Description
⋅ THIS IS FOR EURAUD (my bad!) :X
having seen ADP confirm the strength of the US economy and hence backing up the FED's stance of tapering
contrasted with the hawkishness of the RBA over the next day where they release their monetary statement...
we expected the next 2 days to confirm to minimum of tp1 at 1.50485 and possible extension down to 1.49576 next week or so.