A/U last nite hit 1.047 n currently trading at 1.042. That is...

A/U last nite hit 1.047 n currently trading at 1.042. That is still significantly higher than last week low of 1.024 when RBA statement Ann.

I doubt A/U will get hammer this arvo as market already factored in the rate cut. Having said that, if RBA can deliver more than expected cut, there is still room to squeeze some profit.

Short 1.0445 target 1.0345 with stop 1.0485.