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I anticipate that the door is open for a less dovish RBA sentiment to be noted by traders in the RBA statement and therefore some buying power to kick in.
Watch for a whipsaw low then high back up towards the 68c level, making it mighty interesting for a BUY Limit order today in my view.
 
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FX Major to watch - AUDUSD - 0.6750
My pair to watch is AUDUSD particularly now that we have the backdrop of softer than expected Building approvals numbers from Australia.
What to look for?&nbsp;
A sharp unwinding of short AUD positioning is quite possible today with some bounce back up to 0.6800 very likely after the initial knee-jerk swing low.
My first instinct is to wait for the move lower ten buy for the RBA statement to rock the Aussie, with respect to the pivotal US payrolls data this week, the AUD should be contained between 6700 &amp; 6820.

RBA to rock the Aussie

Dec 01 2020

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