Weekly Focus

- RBA Meeting, Cash Rate.(Consider this as stable, cash rate should stay at 2%)
- FOMC Meeting Minutes (Mixed expectations, asymmetrical situation)
- ECB Draghi Speaks (All day off)



Trading
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AUDUSD - expect fluctuations on Monday, tho if Retail Sales worse than expected we may (from word maybe) see some selloff before RBA meeting. 4h chart shows some exhaustion with 3 drive, but no confirmation yet. Wednesday will be the key day for further direction.



EURUSD - not expecting much from this, but we near October 2015 highs (week 42) and this would be nice spot for shorts with minimum stop loss. For the downside expecting to see at least 1.1323 and 1.258. Initially 1.11 level in two weeks maybe.


USDJPY, USDCAD - mostly depends on economic data, USDJPY key point is 108, but I have doubts we will reach it this week, potential 120 level revisit is possible.CAD could be a Friday player.

Points of Interest
AUDUSD 0.7530.7430.78 0.785
EURUSD 1.13231.1258 1.1425 1.147
USDJPY 108 120
USDCAD 1.287 1.27 1.318 1.326

GL trading.
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