I see about 50 -60 pips left on the AUD drop, once 90 cents gives way,
with a brief pause at 70's to flush out resting stops, down to 8955 (aprox).
If OZ prints this way, it could form a bullish pattern on the 30m/60m if 8950 can hold.
So I see pressure on the continental currencies until this get resolved.
It would be better if it moved there and tested like this over the next few hours today
instead of waiting to FOMC when anything can get blown thru.
with a brief pause at 70's to flush out resting stops, down to 8955 (aprox).
If OZ prints this way, it could form a bullish pattern on the 30m/60m if 8950 can hold.
So I see pressure on the continental currencies until this get resolved.
It would be better if it moved there and tested like this over the next few hours today
instead of waiting to FOMC when anything can get blown thru.