Managed to get a little of the Aussie short after the London open. Thought it might bounce here around .7340 so I got out. Now USD very strong. What a difference from last night. Waiting for the next setup.
Staying clear of the explosion until the pieces settle. Beware any market that just looks too easy. If it's obvious to me it's obvious to everyone else.
Seems like it will. Although just touches intermediate support. If it takes that out on a closing basis another pips or so down it might go:
Somehow the market is not convinced that USD gonna head further south. My interpretation of overnight data/charts, smart money is fence sitting, not committing. On the metals side of things which imo are quite influenced by USD direction, volumes in general are high but price moves are low and the ways prices closed overnight they are closing not near the top of their range. Lithium, Nickel, Coal, diversified mining, Copper, Gold, Aluminium stocks were all more or less lethargic or down. The exception was iron ore which looked half baked ok. Clevelands Cliffs was up 12%, but without digging too deep, think this was maybe due to ASX listed Mineral Resources buying out their mine site and equipment in WesternAustralia.