AUDUSD SHORT

4 May 2015

I EXPECT RBA TO CUT RATES. AUD HAS GAINED SOME STRENGTH AND THE RBA HAS STATED IT IS OVERVALUED SO THEY'LL NEED TO CUT RATES TO BRING THE CURRENCY LOWER WHICH WILL HELP SPUR GROWTH. ANOTHER REASON THEY'LL CUT RATES IS BECAUSE IF THEY DON'T CUT RATES THIS MONTH THEN AUD WILL GAIN MORE STRENGTH FROM THIS WHICH IS NOT GOOD FOR THE CURRENCY SINCE ITS ALREADY OVERVALUED. MY TARGET IS AT 75.00.