AUD/USD: Heads up for market-moving data due 0130GMT (& … where the stops are) - ConsultFX

AUD/USD: Heads up for market-moving data due 0130GMT (& … where the stops are)

A beat on the data and a pop in the AUD is likely to target stop loss orders currently sitting above 0.7670 (AUD/USD shorts got active again overnight, reloading after the pop on the 'partials' in previous days. A higher AUD/JPY has also seemed to encourage the sellers to leg into AUD/USD shorting)