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AUD/USD down smalls to 0.7895 last on position adjusted ahead of RBA

RBA rate cut coming Tuesday looms large - EUR/AUD flow also big impact Paring of overcrowded long bund/long DAX/short EUR trade weighs on AUD EUR/AUD up 2.1% yesterday' as carry trades dumped en masse

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  • RBA rate cut coming Tuesday looms large - EUR/AUD flow also big impact

  • Paring of overcrowded long bund/long DAX/short EUR trade weighs on AUD

  • EUR/AUD up 2.1% yesterday' as carry trades dumped en masse

 

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Major Pair Currency Score: AUDUSD Bearish

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