Just couple of hours ago RBA announced that they will keep the rates @ 2,5%. Not a suprise to be honest. However, the spike higher is more than fishy as it has made a triple top if you will. I personally don't like double, triple or whatever tops and they make me very cautious. Even though the spike was 100% retraced, a lot of new short-term short positions will keep their stop above those highs, which makes it very attractive for the price. For me, the line in the sand is around 0.9370 as I expect it to be a strong resistance for this week.
