Ausie interest rate decision??

With all the data out of the way, it looks like aussie still has resistance at 9040-60 level so taken a short here at 9035. Looking for 9000.
 
PM Howard calls for elections in November. Does this bode well near term for the aussie? Time for more than a little profit taking? Earlier this week when there were rumors of a date, it sold off down to 8950. Think this is already factored in or do we have a little short term sell here? Markets don't like instability.
 
Quote from kalzayani:

Probably
sell aussie at 0.9500
gl
More...

Let's don't get too excited here :D
A day at a time.

Uptrend is still there, and it seems that we will make
new highs during the first few hours of trading.
Then we will see.
 
Quote from cstfx:

PM Howard calls for elections in November. Does this bode well near term for the aussie? Time for more than a little profit taking? Earlier this week when there were rumors of a date, it sold off down to 8950. Think this is already factored in or do we have a little short term sell here? Markets don't like instability.
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It all sounds cool, but do you see any technical
evidence yet?

I am flat, but I will short if things align.
 
Nothing technical as its just a news announcement. Saw the reaction Thurs when there were rumors. If anything, might be a short trip back to fib support levels of 23 and 38. Like to see it break below that (8950) for some real good profit taking, but don't know.

Also, remember we have G8 coming up this weekend. It has been a long time since we have seen any Central Bank intervention and there might be something coming out of it. This may weigh on USD pairs all week.
 

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Rally seems to pause here for now.
I am trying a little short here @ 9071 spot,
with a modest target at around 9050-55.
Stop somewhere above 9083.
 
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