So I have been trying to squeeze more profit from the AUDUSD since yesterday when I took a loss as I still believe the major trend is down. Yesterday evening's upmove may have been due to profit taking but since the RBA rate announcement this afternoon, traders have been back to selling off the AUD. There is just no reason for the RBA to increase interest rates given the global economy and also more importantly, the economy of China, Australia's largest trading partner is not doing that hot either. AUSTRALIA BOLEH!
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