We have changed our view from short to neutral as the US dollar has surged across the board as additional stimulus is expected if Biden wins the election. This is despite a dovish RBA which cut the RBA cash rate to a record low of 0.10% on Tuesday as expected. Therefore we would not change our view to neutral as we await further price action in particular if the currency pair move towards support at 0.71 and resumes it's downtrend from August multi year highs.
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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.