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What is in store for AUD/USD?
No doubt that the RBA meeting minutes will have some optimism around the rebound in Sydney &amp; Melbourne property prices, but a rate cut is a rate cut – so the tone should likely lean heavily on the dovish side and hurt sentiment for AUDUSD in the near term.
There are also rumblings in local media here in Sydney around what Aussie QE may look like if the trade war deteriorates growth and economic data points warrant more extreme measures.
This should weigh the AUD down today, so play on the short side.
 
Sell
AUDUSD
0.6775
Target:
0.6720
Stop:
0.6825

RBA Minutes up next

Dec 01 2020

Stop Loss -0.74%

Holding time 2d14hr

0.67750

Entry price

0.68250

Stop loss price

1

1