AUD,NZD/FXWW News/Technical Analysis/Trade Ideas

AUD/USD: Shorts getting nervous ahead of RBA minutes

And so they should be! With the daily chart looking so heavily oversold! But, sentiment remains bearish and I don’t think we are likely to bounce to 95 cents in a straight line 🙂

AUD/USD has taken out yesterday’s highs and is trading near .9130. The short-term charts suggest that levels near .9180/.9200 could be toppy in the short-term and I will reduce my long position on a failure there.

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