Thread: AUDUSD, Risk Trades Likely To Struggle In Near Term

The two major events of today’s session had already taken place before most of Europe had even hit their desks. The first came as the RBA announced a shock on-hold decision at their latest rate meeting, a result that means the cash target will remain at 4.50% for a fifth straight meeting. Market consensus had been looking for a hike of 25bps to 4.75% so the actual decision certainly caught FX... ...More...


More informations about ACM

Although the heavy trading this morning makes it look very unlikely this pattern will ever become activated, we would be willing to go long should we get another break above 83.85, and aim for a target of 84.55 (measured as the depths of the bottoms applied to the point of break-out). I have been helped everytime by CCgains and will always look towards them for help.