The oldest FX trading rule in the book…

Author: Adam Button | Category: News

…is to sell currencies where the central bank is cutting rates.

AUD/USD briefly popped over 1.0471 but never closed above it and the RBA cut sparked a reversal. There is talk about eager sellers at 1.04 but I suspect we will head lower before we get there.

Simple rule, simple chart, simple trade.

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