zs00lt
Short

AUD - just too many shorting it?

FX:EURAUD   Euro / Australian Dollar
271 1 1
Seems so AUD can rally 150-200 points against USD and EUR as the RBA was not as dovish 2 days ago as the market expected. No mention of further rate cuts. I still believe they will cut more later this year or in Q1 2014 but for now AUD is way too oversold.
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