AUDUSD is slightly bullish ahead of RBA minutes

2 במאי 2016

Aussie remains quite bullish. .7600 was not yet broken and currently we're approaching the .7668 resistance area. I do expect dovish forward guidance amid RBA interest rate decision . No cut rate at this point. No need to devaluate the currency as commodites prices go up. But at the same time aussie is among the most overbought currencies. I will be closely watching the pa to find a nice entry to jump in.

P.S. I holded short from the last week but it hit my BE.

FxKool
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