…best be sellin’
Earlier, I pointed out that the Australian dollar was struggling despite better risks sentiment and said you had to be skeptical of a currency that couldn’t rally on good news.
Weakness on the crosses has sparked a wave of AUD/USD selling. The demand at 1.0220 is said to be solid with lighter bids at 1.0200.
EUR/AUD has been absolutely ripping it, up 6 days in a row and AUD/CAD is near the May lows.
