INTRADAY CONCLUSION: The great unwind of AUD-shorts has begun but we still need to pick our entry levels carefully. The Aussie is soon to run into resistance against the JPY at 89.00, against the NZD above 1.1500 and against the EUR near 1.4350, so I think it’s best to sit back and wait for dip-buying opportunities especially against the USD. Book profits on longs near .9210 and re-buy any deep dips towards .9050.
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