Im not buying the RBA jawboning of AUD. Chances are they are setting up for a rate hike soon enough and want as much space to work with in regards to AUD strength. 15pip SL or so
Note
15 pip Sl held quite well and we got over the first hurdle. Demolishing RBA jawbowing and going above pre-rba meeting price. For now short term TP is 0.797 but its not a bad idea at ALL to hold until 0.86 as a long term target as the weekly chart is quite bullish for overall
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.