AUD Trading Outlook
INTRADAY CONCLUSION: Overall I think the USD has topped out and will fall some more but the AUD remains very weak amongst the other majors and is again nearing really important levels against the USD, JPY and EUR. Buy intraday AUD/USD dips towards .9130 with stops below .9075.
INTRADAY CONCLUSION: I’d look to play the AUD/USD from the long side for the next few sessions. Buy intraday dips towards .9070/80 looking for a test of .9180 and possibly .9250. I don’t expect any big moves today unless the Chinese CPI is well outside of market expectations.
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