Range trading the AUD and selling USD rallies are my preferred trades at the moment. USD/JPY is sitting right on its important 200-DMA and Goldman Sachs reckons that a clean break and close below could be worth around 530 pips; so sell intraday USD/JPY rallies towards 97.70 and add on a break below 97.10. Medium-term players can consider buying EUR/NZD if we get a clean close above 100-DMA at 1.6570.
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