Short Trend Continuation $AUD $CAD #RBA #forex

Feb 4, 2015

I already entered a short position at 0.968. I think a downward trend will continue after a short pullback period in wich we are now. The trade is fundamental based on the Policy of Reserve Bank of Australia. It cuts the cash rate by 25 bp to 2.25% to a historic low. They argue that it will boost the economy and will provide support and growth. Well we will see the opposite.
SL 0.987
TP 0.9488