
I sold AUDUSD at 0.7896 and NZDUSD at 0.6305. Looking first at the Australian Dollar, prices are showing bearish cues with two bearish Star candlesticks after a Hammer emerged on a re-test of broken support at a rising trend line established from the lows in March. As for NZDUSD, the pair came dangerously close to taking out my stop-loss but fell short, reversing lower having tested the swing high from early June. It appears that the US Dollar is finding support from news of next week's Treasuries auction and I will remain short, although current valuations are certainly at an uncomfortable proximity to my risk cutoff levels.
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