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AUD/USD draws back before selling interest near 0.7850

  • AUD/USD holds back ahead of selling interest around 0.7850

  • Pair hit 0.7843 short time ago before returning - last at 0.7832

  • Modest retreat seen in USD post Fed minutes - speculation of June rate hike

  • AUD holds near record lows against NZD - no sign of rebound

  • Many long term players are long AUD/NZD trying to pick a bottom

  • Might require a shake from their positions before AUD/NZD can rise

 

  • Market Data
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