After its impressive rally to 0.7918 after the RBA rate cut brought out the dip buyers the Aussie$ is now on the back foot again
General USD buying as Europe opens up is accelerating a move back down to 0.7865 as I type
As we're seeing often in these markets there's little sustained follow-through on various price actions and it doesn't pay to be too greedy, something I've said a lot lately. Not so relevant for the longer-term traders but shorter-term day traders have to remain cautious and sometimes less ambitious
Good opportunity still though
EURUSD now trading below 1.1100 and GBPUSD is testing 1.5100 again while USDJPY is nudging its way to 120.20 but once again weighed down by yen-pair selling
USDCHF rising once again from 0.9335 to 0.9375, deja-vu but expect offers above 0.9380 into 0.9400
