What to expect after RBA decision
AUD/USD is currently trading near .9220 and the RBA is expected to leave rates on hold whilst maintaining its easing bias.
If this happens, I would expect the AUD/USD to edge a bit lower initially, maybe towards .9175/80 before recovering back above .9200.
Any change to the easing bias would likely see the AUD/USD rally above .9250 and movement from there will depend on where the stop-loss orders are situated.
Hi Sean,
So, anyhow, going short would’ve had 2/3 chances of succes. Beting on a surprise (rate cut)/rate hold-dovish/rate hold-hawkish 🙂
Hope you took those odds on Bogdan 🙂