AUD/USD fell on Monday as traders continue to shed risk. The commodity markets have been rocking back and forth, and as long as that happens, the Aussie will be volatile. The Dollar is the de facto safe haven for the currency markets presently, and as such – should continue to get bid.
The USD/CHF pair rose a bit during the session and with the SNB weakening the Franc presently – this pair can only be bought. The 0.9000 level is obviously supportive, and if we make new highs – we think that the parity level eventually gets tested….
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