AUD/USD bulls seek a break of 0.6925 for 0.6950 target area By fx_ross AUDUSD Currencies Fed RBA RetailSales
be dependent on the trajectory of the greenback in the absence of domestic data this week other than Retail Sales tomorrow.
Meanwhile, the greenback has been a head-turner. Speculators’ net long USD index positions ticked a little higher having surged to their highest levels since March 2017 the previous week as the market prepared for this month’s 75 bp rate hike from the. However, the spot market, as per the DXY, has been testing below 104 which opens the risk of a deeper move into 103.
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