AUD,NZD

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.

  1. yup. hardly moved a pip since 24 hrs now. that is as flat as it gets. I seriously think it will rally first after rba and then sell off

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