AUD/USD touched 1.0301 at the low. It was below last week’s low but the buyers were waiting in the weeds for a quick bounce back to 1.0320.
I’m always a bit skeptical when I hear about barriers because they tend to make suckers out of the retail traders who try to pick turning points. Let’s wait-and-see how this one develops over the next hour. If we get above 1.0340, I would be more inclined to go long.
