The Australian Dollar has been bid up on Tuesday, despite today's RBA rate cut and round of softer Aussie retail sales. Why is AUD stronger despite the rate cut? Simply because it was already priced into the market, while the softer data has been less of a focus.
We are close to targets currently, and we have Gov Lowe speaking in just over 30 minutes.
Stay flat ahead of Lowe, prefer pullbacks to engage this trend.