AUD/USD flows: Trying to Fill the Opening Gap

The "No Deal" scenarios over the weekend keep market participants fearful on potential drastic escalation. While it will likely be serious physical disruption if the U.S. intended to blockade Iranian ports for a long period of time, it is actually not far from the current picture which see little movement over the Strait of Hormuz over the past weeks. It allow market participants to not panic now and digest the implication first.

AUD/USD is trading 0.41% lower at 0.7034 with a session low at 0.6992.