AUD/USD: Looking soft after .9850 break

If you’re sitting on stale long positions then it might be best to bite the bullet and take the loss as bearish momentum is very strong. The market is structurally long of AUD and CHF and both of these currencies are very vulnerable to sell-offs. Personally I don’t think we will fall in a straight line but I will nevertheless sell any rallies now back towards .9870.

  1. what is your opinion on AudChf cross Sean given above view of sell offs of both vs usd?
    btw congrats on the launch of your website… finally!

  2. Thanks for your reply Sean. I was almost sure sometimes back that this pair can easily cross parity but recent turns make me revaluate. cheers

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