Risk trades staying heavy in early Asian trade
Not much bounce in the AUD/USD since it broke below .9500 and further losses still look likely. I’m still running a small long position from yesterday at .9600 and I will either off-load on any relief rallies or try to buy some more on deeper dips for a longer term play.
I’m still running a long cable position and this pair looks very bullish to my very biased eye. USD/JPY has been fairly quiet despite some volatility on the Nikkei but the short-term downtrend is in control for now.