AUD,NZD/FXWW News/Trade Ideas

AUD/USD: Case for bottom pickers looking a bit shakier

I thought that the AUD/USD bottom-pickers were holding some pretty strong cards yesterday and the fact that it’s been unable to maintain its gains is certainly worrying. I cut 1/2 my position on the break below .9215 and I have a trailing stop on the balance 100 pips lower. No point in being too stubborn!

AUD/JPY is sitting on support levels near 90.00 and that should give the AUD/USD some support this morning. On the other hand, NZD/USD has broken back below .8060 and is looking a little shakier as well.

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