AUD,NZD/Flows and Orders/FXWW News

AUD outlook; flows mainly AUD negative in overnight trade

  • Corporate buyers returned in EUR/AUD, helping to trigger trailing stops above 1.4370 with more seen above 1.4390;
  • Market tried to trigger stops in AUD/USD above .9240 but has failed thus far with plenty of selling interest just ahead of there;
  • More sell orders noted above .9250 through .9350 at regular intervals;
  • AUD/JPY still in consolidation mode between 90/93.

I’ve got no strong view today, but buying dips in EUR/AUD does seem like a sensible play for a test of technical resistance at 1.4450.

  1. Hi Sean, I was quite lucky to go long EURAUD at the very bottom 1.4260 so I clearly agree with your view 🙂 But as we all know, the rise is usually slower than the drop. AUD is also getting stronger although it faces multiple levels of resistance from here onward. Anyway, I’m content to let it flow but will be more concerned if the pair cannot break 1.44 soon.

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