- EUR/USD is still stuck at 1.3050 despite banks reporting some very heavy turnover.
- EUR/GBP is starting to retrace some of yesterday’s losses.
- AUD/JPY is testing short-term resistance near 101.50 and the important topside levels to watch are 102.10 and 102.85.
- I’m not alone in my bearish AUD stance with a large number of professional traders and analysts coming out with bearish strategies over the last few days; as we know, that in itself means nothing but if its still at these levels in a few weeks time then we had better watch out on the topside!
- Large sell orders reported in USD/CAD above 1.0325.
Have a good evening and catch you tomorrow ++