AUD/USD: Longs preferred as metals break higher

  • One of the big prime brokers reported that sell orders from hedge funds above .9080 were cancelled after the bullish break in Silver.
  • Chart resistance is very clear near .9080 but there will be plenty of stop-loss buy orders above there.
  • I’m tending to stick with a bullish bias here but I have no position at the moment, preferring to watch and wait for confirmation.

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