- Equity markets across the region will open around 0.5% lower;
- Tensions in the Ukraine are still simmering and 1 headline could spark more risk aversion;
- The apparent terrorist attack on Malaysian Airlines will also increase risk aversion.
After a long period of momentum-less trading, the AUD/USD suddenly broke higher last week. Nevertheless, many traders will be unsure of whether this is an up-trend or a consolidation and where there is uncertainty, there will be retracements.
If it’s your side, it might be worth selling any morning rallies back towards .9080 with a tight-ish stop above .9140 looking for a test of .9000 again.