Risk sentiment has done a 180 degree about turn since yesterday and AUD/USD is hard to pick. There’s a possible double-top now at 1.0000 and this would be confirmed by a break of the neckline at .9820. Bulls can certainly try buying ahead of this support line but keep stops tight below, as you will probably have lots of company!
Not hearing much on the order front either, with order books now being replenished after the long weekend here in Australia. Currently trading near .9860 so I’d hazard an educated guess that .9820/.9900 will cover it during Asian trade.
