Short on possible pullback to 0.721
If not,
SL: 0.735
TP: (tbd)
RBA may cut i/r. (businessinsider.com.au/this-is-how-long-the-rba-tends-to-wait-before-cutting-rates-again-2016-5)
U.S. highly likely to increase i/r given that U.S. new home sales soared to the highest level since the start of 2008 in April.
Next event to look out: June 6-7 Fed Chair Janet Yellen speak.
If not,
SL: 0.735
TP: (tbd)
RBA may cut i/r. (businessinsider.com.au/this-is-how-long-the-rba-tends-to-wait-before-cutting-rates-again-2016-5)
U.S. highly likely to increase i/r given that U.S. new home sales soared to the highest level since the start of 2008 in April.
Next event to look out: June 6-7 Fed Chair Janet Yellen speak.
Trade active
Entered @ 0.72
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.