AUD,NZD/Flows and Orders

AUD/USD: Large stops above 1.0340 and 1.0350

Just repeating what I said earlier, the big macro funds are short and bearish, and have been selling into rallies for the last few weeks. The first of the trailing stops are reported above 1.0340 and 50 and as we have now graduated from range-trading mode to stop-loss-hunting mode, we can expect these to get targeted.

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