yes im short audusd, running into the next RBA decision oncup...

yes im short audusd, running into the next RBA decision on
cup day I think it will drift lower as postions / some risk is taken off the table. I believe (IMO) that we will get a sharp correction in the aussie, but who knows when as its very difficult to time these things. Today i thought it may come off on the employment data, but people think its a positive, looked soft to me even with participation and full timers taken into account.Im aware of safe haven status and all other positive factors of course.

The thing that makes me so bearish about the $ is the true state of our domestic economy taking out mining.manufacturing and retail are a disaster zone. ask around anywhere (private sector of courss) and people are really struggling, businesses are going bust all over the place. I havent spoken to anyone in the last 3 months who isnt struggling (public servants excluded). small businesses and retail especially are really doing it tough. property must come under pressure surely...