AUD,NZD/Flows and Orders/FXWW News

AUD: The market is short, it’s August, and volumes are down….

That spells danger in my book. The big banks reported significantly lower volumes overnight and with the market already running at close to record shorts, what’s going to happen if they all try and exit together! If you’re short, keep those trailing stops tight would be my advice.

  1. Thks Chngster, yes the opposite Alec. The market is short, liquidity is reducing, so if something ‘bulllish’ happens for AUD then it will scream higher. Maybe not today but worth keeping in mind.

  2. Hi Sean,

    I’m wondering if the surprise might just be that rates are kept on hold.

    I’ve got a ‘flag’ pattern on my 4hr chart.

    Looking for either a bear or bull break here.

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