AUD,NZD/GBP crosses

Cable rejects 1.5300 yet again

The USD bulls aren’t going away any-time soon it would seem, and cable has rejected approaches to 1.5300 for the second time in a week whilst AUD/USD has also failed at a level for the second time in 24 hours, this time .9825. The burden of proof is on the USD bears as they try to wrest control back but I think it’s probably safer to stay with the recent trend and buy USD dips.

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