AUD/USD: Big level to watch is .9330/40
There are recent highs nearby at .9300 but I think the really important level is .9330/40. This was a previous low which once broken, has still not been regained. I’m hearing that there are plenty of ‘call levels’ above .9350 and I’m guessing that these guys are short and start getting worried if prices get back above.
I’m still long but will reduce my position at .9330 and look to re-buy on 150 pip dips.