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.

  1. 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 🙂

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