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FxWirePro- Woodies Pivot(Major)

AUDJPY Coiled in the 109 Zone – Buy the Dip, 112 in Sight?

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FxWirePro- Woodies Pivot(Major)

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AUD/USD doldrums weighed down by speculative plays

Monday, March 30, 2015 4:44 AM UTC

Pair comes up after touching 0.7712 level
Market piled back in AUD/USD shorts last week + long EUR/AUD, GBP/AUD
Crashing iron ore prices and its reflection on state of Chinese economy worrying
Slashing of excess capacity at steel mills not a good sign

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AUD/USD doldrums weighed down by speculative plays

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