AUD/USD intraday: Buy dips sell rallies
Cliched and boring but always true, even on event risk days. Obvious technical parameters at 1.0325/1.0450. If we get a 50 pip move either way in the next 5 hours then I’d look to enter the market. Even if the market moves further away after the RBA then we will always get a profit-taking pullback allowing exit for smallish pain. If the market moves my way after the RBA then the profit potential is multiplied. Trade the market, not the news.