I believe the AUD is weakening, will need to see what lies the RBA are going to tell us shortly. They have been doing great so far.
We are going to cut rates, "don't cut rates"
We are going to keep rates on hold because CPI data is good, "Lets cut the rates"
RBA notes, "no further cuts in the future"
RBA minutes, "Still to come, we may or not cut rates".
I took 200 pips from the 2 moves down over the past few days. I traded the failure at the 79% fib just above 80c and in to the news and also last night.
AUD Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held
