Jan 14, 2016
AUD/USD: bulls step aside in cautious markets
AUD/USD has been better offered and lost the commitments of the bulls while paring back the gains made yesterday. However, the greenback took off overnight, equities fell and oil dropped again exposing the bulls in the Aussie who stepped aside and allowed for the downside. Now is all about the jobs data from the Australian economy tomorrow while for today, the Yuan fix and stock markets performances will be monitored as markets remain cautious, favouring the bearish bias in the pair.
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