AUD/USD: Look for short-term choppiness .9035/75
I’ve started to increase my AUD/USD long position again, just in case a base starts to form above .9000/35. There is chatter in the market about good-sized bids near .9000 and prices have based on two occasions now near .9035. The AUD is getting some support from the crosses as well, with AUD/NZD trying to form a double-bottom and the AUD also trying to form an interim base against the JPY, EUR and GBP.
Nevertheless the down-trend is very strong indeed so keep stops tight if attempting to catch the falling knife!