AUD/USD gets a leg up on the China rate cut

Sharp retracement ran up into some sizeable offers in the 0.9990’s. Being told that there are some decent size buy stops poised on a break of parity which if taken out should target the 1.0025 and 1.0060/70 areas

AUD’s backed off again to 0.9970 after a day’s high of 0.9993

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