Although the sentiment index is bullish, the positions on both sides are in the loss stage, so the Australian dollar still has room to fall. In addition, the further decline of iron ore stocks in the early trading put further pressure on the Australian dollar. The Australian dollar then touched the horizontal support of 0.6645. However, considering the positive sentiment indicators and the debate may drive the rebound of crude oil, the trading strategy should be mainly high-altitude.

Short AUD/USD

Sep 11 2024