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

AUD/USD outlook: Heavy adjustments on the crosses still driving force

  • AUD/NZD still looks heavy whilst below 1.1750.
  • AUD/USD has been heavy below .9250 over the last week but psychological support at .9000 will be tough to break initially.
  • GBP/AUD and EUR/AUD profit taking from macro funds visible over last few days.
  • AUD/JPY forming a base above 90.00.

Mixed signals suggests more range trading ahead with obvious parameters at .9000/.9250.

 

  1. Still bullish on cable Serga but timing cud be very wrong. If EUR/USD breaks below 12800 then it cud fall below 125 and send cable sub 148? I’ll lick my wounds for short while and wait for more clarity.

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