Shorting AUD against the USDThe rationale for this trade is to take advantage of the vanishing Australian Yield spread, the slowing growth, the expectancy of holding the interest rates by the RBA tomorrow.. thats my bearish rational for the Australian Dollar. My bullish rationale for the USD is ofcourse the tax reform news.
Risk for this trade to be nullified (for the dollar) is as mentioned here in my EURUSD trading plan :
