Forex pairs in this Article » AUD/USD
I sold AUDUSD at 1.0381, aiming for 1.0181. Risk appetite has recovered recently but the Aussie has been slow to capitalize even as the RBA projected a neutral bias on further rate cuts at this week's rate decision. I am expecting a return to risk aversion to rekindle selling pressure as "fiscal cliff" worries take center stage and will continue to hold short. A stop-loss will be triggered on a daily close above 1.0479.