AUD/USD approaching key support by Milan Cutkovic

  • AUD/USD is nearing the key support level at 0.92
  • The pair hasn’t traded sub-0.92 since March 2014
  • A break below will trigger system funds and likely cause further position covering from longs
  • Positioning data shows that specs are still net long AUD
  • Next support then seen at 0.9140

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