AUD,NZD/Flows and Orders/FXWW News

AUD/USD: Another marginal break but support holding for now

Same old story here in Asia with heavy selling of the AUD probably still related to the big EUR/AUD trade. Asian central banks are reportedly still buying dips and although support was broken marginally below .9390, its still basically holding.

  1. looks nothing but a dead cat bounce. the selling will be heavy today is the feeling I am getting. I am watching 0.9460 to cap this and 0.9350 on the downside

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