GBPAUD - Downtrend intact, Awaiting Lowe
The Australian Dollar has been bid up on Tuesday, despite
today's RBA rate cut and round of softer Aussie retail sales.
Why is AUD stronger despite the rate cut? Simply because
it was already priced into the market, while the softer data has been less of a focus.
We are close to targets currently, and we have Gov
Lowe speaking in just over 30 minutes.
Stay flat ahead of Lowe, prefer pullbacks to engage this trend.
today's RBA rate cut and round of softer Aussie retail sales.
Why is AUD stronger despite the rate cut? Simply because
it was already priced into the market, while the softer data has been less of a focus.
We are close to targets currently, and we have Gov
Lowe speaking in just over 30 minutes.
Stay flat ahead of Lowe, prefer pullbacks to engage this trend.
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