I am hugely contrarian. If there isn't a cut, we will rally up to 1.395, potentially to 1.42. At the same time, I think even if we do cut, we will see a rally, as with the AUDUSD last week when the RBA cut.
Looking at volume, we are well below the value area low, and I feel that the market needs to move back towards it.
Looking at volume, we are well below the value area low, and I feel that the market needs to move back towards it.
Comment:
Was worth a punt due to upside availability. Stopped.