The support level in AUD/JPY at 86.65 has been marginally broken but without any major follow through and AUD/USD has managed to hold near 1.0650 albeit without any major bounce. I’m reducing both my AUD/USD and AUD/JPY shorts as I don’t like any large positions heading into risk events. I have a feeling that we may see some heightened volatility this afternoon.
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AUD/USD, AUD/JPY looking soft, an hour before the RBA
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