AUDUSD Two Scenarios leading into RBA Decision

AUDUSD is currently in a downtrend with the RBA rate statement and cash rate at the beginning of the week. This may well be the deciding factor that helps confirm the direction of AUD for the remainder of 2019. Two scenarios; a short from 0.67800 to 0.67300 for 50 pips then a potential bounce, or possible drop all the way back toward year lows @ 0.67000-0.66800. AUD has a busy week ahead with the rate statement, GDP, and retail sales data sure to spark a lot of volatility as we enter the final month of the year. This is for educational purposes only. This is in no way intended to be financial advice. I am not a financial advisor.