AUD,NZD/Flows and Orders/FXWW News/Technical Analysis/Trade Ideas

AUD/USD: Looking to play .9550/.9725 range over coming sessions

  • As mentioned below, barrier protection in AUD/JPY ahead of 95.00 is quite large;
  • EUR/AUD bids near 1.4120/25 are also proving stubborn;
  • Important technical resistance at .9715 in AUD/USD (see chart);
  • The USD is still in a strong bear trend imho so buying big dips in AUD/USD is the obvious strategy;
  • That said, the same people who were bearish below 90 cents are now turning bullish, usually a sign that the trend is fading;

Momentum and conviction is waning so look for some range trading sessions between .9550/.9725. I still think we are on the cusp of a major USD bear trend so buying deep dips is my medium-term play.

  1. Good morning, Sean.
    I got high fever, feel tired. Aussie close to 50% fibo, Can she stop and reverse down due to US slow down, oil down, commodity slump, RBA favour down, etc….
    Aussie ore export to China is just small part of total growth for Assuie. China growth has limit impact on Aussie. Too much link with China scenario.

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