AUD/USD: Reasonably orderly compared with EUR/USD! Look to book profits .9325/40
Certainly the size of short positions in the AUD/USD hasn’t been as big as in EUR/USD, judging by the reactions of both pairs to the FOMC statement. AUD/JPY could still be an important player today with jobs data and the BOJ upcoming, so I am looking to booking profits on AUD/USD longs to .9325/40, hoping for a pull-back towards .9200 from there?
As for EUR/USD? It could see 1.3300 before it slows down but will be a great short-term selling opportunity up there somewhere!