AUD/USD update

The strong Australian jobs data has been forgotten and the AUD/USD is being dragged lower by a rampant USD against the Yen and NZD.

I’m still of the view that a base will form now near yesterday’s lows so I’m happy to stick with my long position for now. Any lengthy break onto the 90 handle will probably see me exit the trade, but let’s see how it develops.

Focus will be back onto the GBP for the European session I’m sure.

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