GBPAUD lower
Trying GBPAUD lower here.
the RBA just hiked rates which was quite unexpected by the market, i think this now puts into question the moves higher in GBPAUD given we have moved higher since the beginning of february on a policy divergence which is now not so clear cut. Wit the china reopening narrative in the background as well i think we could see a decent move lower in the pair.
sentiment and positioning are extremely high which should help the move lower.
stop above the price before the RBA hiked, if we get back up there then the idea is likely not correct.
Not trading/investment advise, feedback welcome!
the RBA just hiked rates which was quite unexpected by the market, i think this now puts into question the moves higher in GBPAUD given we have moved higher since the beginning of february on a policy divergence which is now not so clear cut. Wit the china reopening narrative in the background as well i think we could see a decent move lower in the pair.
sentiment and positioning are extremely high which should help the move lower.
stop above the price before the RBA hiked, if we get back up there then the idea is likely not correct.
Not trading/investment advise, feedback welcome!
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