AUD Trading Outlook
INTRADAY CONCLUSION: It should be another big day for the AUD with so many big
levels looming in the crosses. I’m still of the view that we are in an uncertain consolidation
period which usually means range trading. Sentiment remains bearish, but so is positioning,
so I think we will see the AUD support levels hold (but keep stops tight in face of strong bear
INTRADAY CONCLUSION: Buying big dips towards .9075 is how I plan to play it. Despite the AUD-negative press reports over the weekend, the AUD is holding up reasonably well so I prefer to stay in dip-buying mode. The down-trend is still reasonably strong so bulls need to pick their levels carefully.
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