AUD,NZD/Flows and Orders/FXWW News/Trade Ideas

AUD outlook: Positioning now neutral

  • Most interbank reports suggest that macro AUD positioning is now back at close to neutral levels;
  • AUD/USD technical resistance at .9510 (38.2% 1.0580/.8850) confirmed;
  • EUR/AUD technical resistance at 1.4450 (double-top neckline) confirmed;

I’d look to play a .9225/.9525 range in AUD/USD over the coming week and I think it’s possible that we will see either end. The crosses are likely to throw up some good 100/150 pip trade opportunities (like EUR/AUD did yesterday) so be patient and attentive there.

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