AUD/USD: I really hope that wasn’t the bottom yesterday
I listened to people I shouldn’t have yesterday when I wanted to buy below .9350. I really should know better, take the trades I like and ignore what others say. Too late now, but hopefully there will be other dip-buying opportunities in coming weeks. I suspect that we will have a broad 300 pip consolidation between .9350/.9650 in the next few sessions.
I’m almost sure that the EUR/AUD buying is finished and with Japanese semi-officials reportedly buying dips in AUD/JPY, it looks like the AUD flows are being reversed in the short-term at least.