After many false starts yesterday we finally figured out our GMT, EST and lunchtimes and decided on 2:30 local time for today’s RBA rate decision. A 25 bps rate rise is still a 70% chance of happening.
EUR/GBP did as we had anticipated, rallying strongly, and my EUR/JPY support at 124.40 has been verified. AUD/USD is sitting on my resistance point at .8910 and selling close to here with a tight stop above .8960 might be a good risk/reward, just in case they don’t hike.
Good luck today
