AUD/USD: Sovereign buyers related to new bond issue

Once again the Sovereign buyers appeared in force when the AUD/USD dipped to .8680 and market chatter suggests that this is related to the new 2037 Australian bond issue. Sellers are also noted close-by near .8725/30 so we may be in for a short stint of range trading.

  1. Hi Sean, Aud didnt test the lows 86.50 and we need a break above 87.30-50 to get bullish am i correct on a break above will your target be 88 or 89

    Unfortunately i am still in the long and the last couple of days have been up and down. No direction. I would like to add to the long if you think its a good idea

  2. That’s pity Yass, I was hoping you would exit when we saw 8800 again 🙁 Simply not sure at the moment so I personally would not be doubling up. I only do that when I am trading well and timing the market entry/exit points

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