Just so you don’t think that I can’t look beyond cable here’s a few words about the Aussie $, so beloved of many out there
A couple of failed rallies above 0.8800 in the wake of general USD demand has seen a fall back to 0.8754 this morning just ahead of decent support/bids at/around 0.8750
We know the lack of liquidity in this pair ( or we hopefully do by now if you’re trading it, as indeed I still do from time to time) so we know that levels can break as easily as holding . That means we are unlikely to see much more before NFPs but we can expect a quick test above 0.8800 again or a look at 0.8700 depending on the message it brings.
Coin flip time at these levels, or leave it alone until we get the data. I choose the latter.
