We write,. While the RBA is not expected to alter interest rates, the recent deterioration in economic data could make the central bank more worried about the economic outlook. If the RBA signals that they have grown more willing to ease, the AUD could give up its gains and make a run for fresh lows. However AUD would have an even bigger response if the RBA had a nonchalant attitude about recent data because the massive amount of short positions puts the currency at risk a more significant short squeeze.
This is the reason why we have 3 separate orders for the Australian dollar. Please remember that we only allow for 2 live trades at any time that have not hit T1. From the Pros! Our signals go out more than 8 hours before the event, allowing our subscribers plenty of time to put the orders on their trading accounts. As the trade proceeds we update the progress through all the channels. Here is how it looks on our private Twitter feed.
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