Is there any news which causes the sudden downward move? The release of the China HSBC PMI number seems to have minimal effects initially, but 6 hrs later, the great fall starts. A classic case of bull trap at .93 level.
As commented before, Aussie is only bullish when price can safely stay above .93 level, at least a daily candle close above it.
As commented before, Aussie is only bullish when price can safely stay above .93 level, at least a daily candle close above it.
The true fact is market doesn't care, risk mgt is important.