INTRADAY CONCLUSION: You know my views by now, I think the AUD/USD is way oversold and due for a bounce but the trend remains bearish so we must wait for some bullish reversal signals. A break above .9050 would confirm such an event. Bears can feel reasonably confident selling near .9000 with tightish stops in the hope of further downside. AUD/JPY must also be watched very closely as much of the big flows come from there.
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