go short
Note
maybe broke the support and go to down 0.75500Note
On Tuesday the RBA is having an annual meeting whether a cash rate hike is needed.The last 7 meetings ended without any change in the rate(1,50%).The expectations are for the rate to stay on its current level.This coul be a fact ,because RBA is trying to maintain a balanced policy ,also Reserve Bank governor Philip Lowe often speaks about keeping rates on hold to balance the need to boost inflation while maintaining financial stability amid record household debt.We believe that there won’t be a change in the cash rate,so I recommend following our technical analys for the weekend.Note
nice go to 0.75500
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.