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Note
The pair is retreating from recent 3-week highs in the mid-0.7100s and it is so far snapping a 2-week positive streak ahead of the RBA interest rate decision due tomorrow. Market expectations of a rate cut by the RBA remains nearly zero, especially after today’s inflation figures. We note the jump in monthly and annual tradable inflation, confirmation that the weaker exchange rate is feeding through, just as the RBA expected.Note
Note
Trade closed: target reached
TARGET 1 REACHED!Trade closed: target reached
2nd TARGET REACHED!
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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.