China has been notably buying dips in the AUD/USD over the last 5 or 6 days and there interest is not yet sated according to some interbank reports I’m just reading. Dip-buying may well be back in vogue, at least until the next round of risk aversion.
Intraday stops above 1.0445 were triggered a short time ago, with AUD/USD trading to a high thus far of 1.0458. It and the NZD are the only currencies moving.
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