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Austrialia

GBPAUD TRADING OPINION AND PLANPotential space for lower in my opinion and as the chart we can see price breaking lower the ascending trendline and support 1.93076 should indicate bearish in power. Boris Johnson and his friends are amending the Brexit bill to NOT allow further extensions. This means that, once the government has set a deadline, the U.K. must stick to it with or without a trade deal with the EU. On the other hand the so-called Phase One trade deal between Washington and Beijing has been “absolutely completed,” a top White House adviser said on Monday, adding that U.S. exports to China will double under the agreement which provided some positive vibe in comdolls sentiment which I think will help Aussie on this trade at the moment.
Short
by jessi061
Pricing in Aussi/Greenback retracement!! Small swing setup.Expectations are for the RBA to hold on to any further rate cuts, for now, so the big action is likely to come only if there is a surprise rate cut from the current overnight interest rate of 0.75 percent. After the RBA event, AUD / USD may fall into a "buy-the-rumor, sell-the-news" situation as an interest-rate holding might have been pre-priced. Negative geopolitical headlines (e.g. negativity of trade between the United States and China) may help this retracement to form which should be taken care throughout the weak. TP: 38.20% Fibo Retracement.
Short
by jessi061