MacroBeat
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AUDUSD 4h- worth to pay attention to the 0.7714 support that held since mid-November.... while the key area and confirmation of any break is probably still down at the 0.7675 area... AUD has failed to break the mid 4h BB at 0.7742 last night and while below there.. the risk is still on the downside for now... equities holding in for now and no real big news out there.. so things might remain quiet and boring but would still hope that the USD has another attempt to try to rally and that we would finally be able to break lower... overall, a hit and run approach is probably still the right approach given that there is just no real narrative out there.
THESE ARE MY OWN VIEWS AND IS NOT INVESTEMENT RESEARCH
THESE ARE MY OWN VIEWS AND IS NOT INVESTEMENT RESEARCH