Open trading account 
I've added a GBPAUD long to my contest account. Watching the open this week, I've noticed the AUD selling off against many of it's counter parts.
RBA Gov Stevens is due to speak mid way through the Asian session. In the past, he has on several occasions attempted verbal intervention in trying to bring down the exchange rate.
In the past, the RBA has been very vocal about a high exchange rate at current levels, this time around, I believe fundamentals do not support a rate cut and thus they are not able to be as vocal about it.
My longer term outlook is still bullish for the AUD. I'm trying to get a position where I can move stops to BE prior to the data and see what happens. Currently about 13 pips in the green, but price is quite range bound all day.
I still have a small position in USDCHF (short) and a small position in GBPCAD(short).
RBA Gov Stevens is due to speak mid way through the Asian session. In the past, he has on several occasions attempted verbal intervention in trying to bring down the exchange rate.
In the past, the RBA has been very vocal about a high exchange rate at current levels, this time around, I believe fundamentals do not support a rate cut and thus they are not able to be as vocal about it.
My longer term outlook is still bullish for the AUD. I'm trying to get a position where I can move stops to BE prior to the data and see what happens. Currently about 13 pips in the green, but price is quite range bound all day.
I still have a small position in USDCHF (short) and a small position in GBPCAD(short).
