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AUD/USD soft first off after NZD/USD stops tripped below the NY low

Pair opened Monday 0.7642 and traded 0.7629-60 range; last 0.7653 Recovery courtesy EUR/AUD sales as leveraged players reload EUR shorts China as expected PMI's non event, RBA tomorrow; tiny to no chance of rate cut

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  • Pair opened Monday 0.7642 and traded 0.7629-60 range; last 0.7653

  • Recovery courtesy EUR/AUD sales as leveraged players reload EUR shorts

  • China as expected PMI's non event, RBA tomorrow; tiny to no chance of rate cut 

 

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Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560