AUD/USD has fallen back below 0.9000 as traders who jumped back into the risk trade yesterday jump right back out today. The pair has fallen back below the 0.9000 and now targets the 0.8940 spike low put in early Thursday in Asia. AUD/JPY is being blistered as well.
0.8885 is trendline support from the March lows if 0.8940 support gives way. There was lots of talk of 0.8800 puts being bought earlier in the week; perhaps there will be some buying if those levels are approached early next week.
Somebody wake up Sean. I think he is short this bad boy…
