AUD,NZD/Flows and Orders/FXWW News

AUD/USD: Wait and see if local sellers turn up again

The AUD selling during Asia has emerged every day for about the last 8 trading days and contrarians will need to keep their powder dry for the moment, and wait and see if it happens again today. I’d look to see if .9480 breaks on the topside and if it does, then perhaps try a buy-dip strategy looking for a correction back towards .9650/.9700. The bear trend is still in control so pick entry levels carefully if looking to buy dips, and keep stops fairly tight.

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