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.
Sean, how are you buying a pound of district 1.4954? Or you changed your view of him?
If we consider the AUD, in the medium term, I like to purchase in the area 0.8517
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.
Sean, the Euro is I am not clear opinion, there can be 1.2740-1.2658
Thanks mate, I’ll sit back for few days and hope to get clearer view