Looks like we might have a bit of volatility in Asia, if the bigger plays go stop-loss hunting that is. The downside looks most vulnerable in the major pairings with stops reported in EUR/USD below 1.3240, in cable below 1.5760 and in the AUD/USD below 1.0730.
If you’re looking for dip-buying opportunities in the AUD/USD, then 1.0650/60 might be a good level as I hear there are plentiful bids lined up near that level.
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