Almost everyone is going to long today, why not ? The daily RSI is below 30 and we are at strong weekly horizontal support. But, fundamentally it makes sense to expect the trend to resume down and hence i would look to short the rally eventually if it happens or catch the shorts if market makers decide to attack all the stops below the support zone
The decisions would be made after reading RBA rate statement
Any kind of black swan events can cause flash crash in AUD and Jpy pairs and hence i would be always cautious to play on the long side of aud in this uncertain times
The decisions would be made after reading RBA rate statement
Any kind of black swan events can cause flash crash in AUD and Jpy pairs and hence i would be always cautious to play on the long side of aud in this uncertain times
