I must admit, things aren’t looking great for my long cable trade and the market is idling now just above 1.5600. The overnight low was at 1.5582 and I will exit the majority of my position if we have a sustained break back below there.
AUD/USD has just posted a fresh hourly low below .9810 but extra momentum seems to be lacking. (Edit: Was lacking! Looks like stops triggered below .9800 and the bears pick up the pace).
