It's definitely a risky trade and a good time to be on the...

It's definitely a risky trade and a good time to be on the sidelines. 75.9 broken but 75.7 kinda held. Almost hit my stop. I'm risking a little ( few hundred dollars US ) for a lot more but I didn't expect this kind of positioning by traders leading up to US payrolls tomorrow night and RBA decision Tuesday. AUD/USD and the same for AUD/JPY have declined for 7 consecutive days. The last time this happened was 2005. Time will tell whether this is day no. 8 but I was hoping maybe my stop will hold until tomorrow night because I'm more bearish on US payrolls than the general market. If all goes to plan then I have a free hit at the RBA meeting. And as you said if the RBA don't ease rates and Saul's as good as any economist going around then the Aussie will rally hard as I think a rate cut is somewhat priced into the exchange rate.