AUD,NZD

AUD/USD: Tokyo squeeze but still looking soft

AUD/USD touched 1.0400 before Tokyo went to lunch but then we got the usual squeeze higher in thin market conditions, taking it to 1.0440. I’m still bearish but will cover some of my shorts on a bounce out of 1.0385 and I expect 1.0460 to now cap intraday rallies.

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