AUD/USD fell hard on Monday as traders continued to sell of the risk trade. The Aussie will always be sensitive to sentiment, and sentiment is poor at best lately. With this in mind, we sell rallies, and have no real interest in buying the Aussie at all. The area below is still in the massive support zone down to 0.95, and could produce pops in the market. Those we continue to be sold by us in the near-term.
Written by FX Empire