AUD,NZD/Flows and Orders

AUD/USD feeling bit oversold intraday?

The AUD/USD fell below .9650 on quite heavy selling from model funds but it has been unable to print fresh lows despite quite disappointing PMI data out of China. I certainly wouldn’t be going long anytime soon but if you’re looking to sell, we might get better intraday levels back near .9680/90.

  1. Hi Samir, I’m still of same view that we will see 140+ in EUR/AUD. I sold my longs earlier this week although I did make a really good profit on it, and I feel naked without my long trade. I should really buy back in here but its hard from a psychological perspective to buy now after selling lower. I’m hoping we see 13100 again, but that’s hope rather than belief

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