If I were a betting man I would say post rate decision AUD will rally. The rate is just noise, the deflationary cpi was already factored into the AUD last week. However I don't like such coin flip trades though.
Did you think ANZ's qtr reports warrant a 3% reversal on a 7% swing? Neither did I but that is random pricing predictability.
I am only bullish because what I see as 'real' evidence = chart tells me so that is all. The reasons can be built around the evidence. This is an environment for following the trends and not fight it with counter trend mind set. Sure the pay off is great if one is correct but the probability is much lower than a trend following mentality.
