bought AUD/USD comment and orders
Adopting a more bearish USD view.
AUD has retraced somewhat from its highs last week, to around the previous highs. Appearance of break higher and test of break-out.
The RBA minutes should not offer much to weaken the AUD and may sound more optimistic on the economy. (minutes are out, my quick view is that they sound reasonably upbeat, I can’t see any comment on the currency being an issue, and it has a discussion about the neutral interest rate, which illustrates policy is currently quite accommodative. I’ll review more closely later on)
Lead indicators suggest employment data should be strong later this week.
US data has been weak, Fed sounds less hawkish, US senate not passing bills, USD weaker across board, market is not overly long AUD.
Positions
Long half unit AUD/NZD at 1.0553; 1.0613; t/p 1.0978 (s/l raised)
Long half unit AUD/USD at 0.7790; s/l 0.7693; t/p .8478
Real Time AmpGFX – bought AUD/USD (Mon 7/17/2017 7:04 PM MDT)
Bought half unit AUD/USD at 0.7790
Comment to follow