AUD Trading Outlook (25-07-2013)
INTRADAY CONCLUSION: It should be another big day for the AUD with so many big
levels looming in the crosses. I’m still of the view that we are in an uncertain consolidation
period which usually means range trading. Sentiment remains bearish, but so is positioning,
so I think we will see the AUD support levels hold (but keep stops tight in face of strong bear
trend).