AUD/USD short squeeze pressing against 0.9050

FXstreet.com (Bali) - AUD/USD saw a session low of 0.9015 but lack of follow through took the exchange rate back up towards 0.9047 - session high - where a cluster of sell orders stalled the advance.

The Australian Dollar was initially pressured down on the back of a negative Australian trade deficit, which expanded past estimated to currently stand at AUD -529 million VS -375 million expected.

Technically, the AUD/USD keeps the bearish trend intact, yet the turnover appears to be limited - thus the lack of follow through to the downside in the session - ahead of the NFP on Friday.