AUDUSD Mildly Bullish...
AUD: Clients were buying AUD last week and overnight on the positive trade news. The positioning is fairly clean in AUDUSD.
The key level to watch is 0.7230/40, the level before the dovish RBA earlier this month. I’d be a seller up there if nothing changes in the domestic story
in Australia. Support comes in at 0.7100, 0.7060, 0.7020.
The key level to watch is 0.7230/40, the level before the dovish RBA earlier this month. I’d be a seller up there if nothing changes in the domestic story
in Australia. Support comes in at 0.7100, 0.7060, 0.7020.
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