Dislikedlook, a move needs a retracement, healthy between 23 and 62%.
the term "bounce" isn't really correct here. I should have said "retracement".
btw:
The Stops Look Like They Are All Done
Major pairs are bouncing after AUD/USD led the crowd lower. AUD/USD took out reported buying interest at 97 cents and traded down to 0.9678 in a stop hunt. EUR/USD made a fresh intraday low at 1.3807 before bouncing back above 1.3820. AUD/USD is up around 35 pips from its low at 0.9713. Of course there is no news just month end flows and stop hunting....Ignored
But I like your view on AUD