AUD,NZD/FXWW News/Technical Analysis

EUR/AUD: Sitting on important support levels

A clean break below 1.4450 would open the way up for a deeper retracement towards 1.4200 (see chart).

  1. For mine – I would be interested if this AUDUSD play today by HF’s was part of a EURAUD trade …. the cross does look suspect for a move lower and the best way to get a large side of the cross is using Sydney liquidity for the AUD leg – still the overall shorts in AUDUSD do not look like panicking given the failure to go on with it today at .9230

  2. That sounds logical Expat, and agree also that selling in AUD/USD at certain levels remains very solid indeed. I’m long still but I’m being very careful with my entry and am booking P on rallies as well. Can’t see it racing anywhere pre-election

Leave a Reply

Your email address will not be published. Required fields are marked *