Looking to buy short-term dips in cable and AUD/USD
Obviously I missed the first opportunity earlier this morning to buy cable at 1.5100 but I’m sure there will be other opportunities. AUD/USD is still stalling ahead of presumed option-related bids at .8050 but a break of that should bring on a really swift move towards .8000.
The main move in the market is a EUR sell-off and I expect the EUR crosses to remain very heavy in the short-term, especially EUR/GBP and EUR/AUD imho. Therefore I quite like the look of buying any more exhaustive dips in cable and AUD/USD looking for a quick 150/200 pip pay-out.
Liquidity is poor so I’m looking for levels where there may be stops and putting my bids in 50/70 pips below there.