AUD/USD is showing no propensity to bounce this afternoon with the market long and wrong in anticipation of a quick RBA hike.
Hourly uptrend support comes in at 0.8900 today and earlier a US investment bank advised clients to buy a 0.8920 with a stop at 0.8870/80, so stops are surely building not too far below the market.
On the bright side, a gap was opened on the charts overnight in AUD, so perhaps if nothing dramatic transpires to the downside early in Asia the market will take a shot at filling the gap.
