Although November is historically a month where interest rates have moved frequently, I believe the RBA is most likely to retain a neutral policy bias, keeping interest rates at 1.50% with additional indication that rates are likely to remain unchanged for the foreseeable future, as the low level of interest rates continues to support the Australian economy.
While we might see slight optimism in the RBA's view of the economy, the overall economic/inflationary performance is still relatively week.
Therefore, although the interest rate is not expected to change, I expect a slightly dovish RBA.
While we might see slight optimism in the RBA's view of the economy, the overall economic/inflationary performance is still relatively week.
Therefore, although the interest rate is not expected to change, I expect a slightly dovish RBA.
Trade closed manually
30pips in profit (at an interim support level)As trade was planned and entered arising from RBA decision
i'll look to close for profit here, even if price may continue to drop further
Keeping this a short term trade
Note
wow, sudden news from OPEC brought the AUD/USD to almost take profit level
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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.