AUD/USD: Playing from long side to start the week
- GPIF news from the weekend will have an impact on AUD/JPY sentiment;
- There is still expected to be some residual interest from Sovereign players to buy AUD/USD for bond issuances;
- Charts show short-term consolidation between .8650/.8850.
The market has opened around .8760 this morning and I’m playing this pair with a bullish bias.