AU Comment
The Asian session MMs pushed the price down another 40+ pips from yesterday's lows. All the MMs have been pushing the price down, but the Asian session MMs have not had an opportunity for the lower lows achieved yesterday because the Asian session ended while prices were higher. So, they whacked it some more to achieve lower lows for themselves during their last session this week. I think it is obvious that all the MMs are coveting the accumulation of low priced long orders, the lower the better apparently. The attack on the price will eventually end, we just cannot know when or at what price level.
All pairs including AUD are under such attack. There are no AUD releases pending for the remainder of this last day of the week, but the MMs would already be informed of anything coming over the weekend or next week that they might be eagerly preparing for now.
If you are trading anything mated with AUD and you are pro-AUD, you are getting decapitated right now. This is nothing more than the continuation of the effort to squeeze out all such trader's positions and hand them over to the MMs. My opinion.
The Asian session MMs pushed the price down another 40+ pips from yesterday's lows. All the MMs have been pushing the price down, but the Asian session MMs have not had an opportunity for the lower lows achieved yesterday because the Asian session ended while prices were higher. So, they whacked it some more to achieve lower lows for themselves during their last session this week. I think it is obvious that all the MMs are coveting the accumulation of low priced long orders, the lower the better apparently. The attack on the price will eventually end, we just cannot know when or at what price level.
All pairs including AUD are under such attack. There are no AUD releases pending for the remainder of this last day of the week, but the MMs would already be informed of anything coming over the weekend or next week that they might be eagerly preparing for now.
If you are trading anything mated with AUD and you are pro-AUD, you are getting decapitated right now. This is nothing more than the continuation of the effort to squeeze out all such trader's positions and hand them over to the MMs. My opinion.