AUD/USD initially rose on a nice spike for the Wednesday session, but gave back most of the gains for a shooting star. The pair is highly risk sensitive and should continue to be a “sell the rallies” type of pair with the EU problems.
The GBP/USD is also a risk related pair, and the shooting star that we formed on Wednesday looks like a great sell signal as we stay in the recent range down to the 1.55 level.
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