What can’t rally invariably has to go down again, and so it’s proved for the current whipping boy of the ccy pairs going into today’s eagerly awaited event.
AUDUSD failed to hold gains above 0.8920 and has since fallen to 0.8870 before bouncing to 0.8885 as I type
Strong barrier option defence ahead of 0.8850 still, but it does appear more and more like shorting this pair is as good an all-round/all bases-covered play as any.
Less than 3 hours to go now to find out
I’m certainly not selling here though.
