AUD,NZD/Flows and Orders

AUD/USD: Sell rallies back towards 1.0225/30

The rate cut has pushed the AUD/USD back below 1.0200 and I’d expect any rallies to be capped by 1.0230. I’m hearing the initial batch of professional bids are at 1.0165/70.

Always pays to bet against the economists!

  1. Your view is great Sean. They do cut. I was reluctant to sell AUD. Waiting for bounces to get an entry.

  2. Sean what do u think about 1.01 support? 50% retracement, round number and also swing low …. i was pretty confident about long position when it drops do that level 4th March … but i have a feeling that SLs are pilling up below this level which will gravitate price down … conclusion – i am confident about little scalp there for 30-50 pips, but less confident about start of bigger upswing

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