AUD/USD: Play .9150/.9250 in short-term

There is a barrier reported at .9150 which is likely to be heavily defended and there is last week’s low just ahead of there to provide some technical support. Hedge funds continue to sell on any rallies towards .9250 and prices have stalled near there on a number of occasions.

I’d play the edges of this range and a clean break either way should be good for an 80/100 pip move.

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