Just chatting with some of the market professionals and the general story I’m getting is that they prefer longs at current levels near 1.0370 hoping for a push up later on today to take out stops above 1.0410/15. They expect dips to be limited to previous lows near 1.0335.
I remain overall bearish AUD but it does have a bit of the ‘oversold’ feel to it so I’ll sit back and wait for better levels to sell at.
