Yes, once again the "economists" got it wrong. Over 60% of them were predicting a further 25 basis point cut to the official AUD rate at today's RBA meeting. Not surprisingly, rates actually remained on hold and up went the Aussie. The best way to trade is usually to do the opposite of what the "Experts" suggest! ;)
It looks like the EUR/USD could go lower to 1.07 area.
I don't wont to buy this pair at the moment
Yup, that'll do me for the week on this pair :)
My guess, for what it's worth, look out initially for 1.2500 & then 1.12900 above and 1.11900 below
Weekly target for me is 1.12350 on a buy. After that, it can do what it likes ;)
Its already touched and I am expecting it will go up more within this week.
AUD/USD is leading the uptrend.