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Thomson Reuters
Jan 03 - 12:12 AM
AUD/USD - Regains Chunk Of Losses After Wild Start
First appeared on eFXplus on Jan 02 - 10:10 PM
  • AUD/USD opened at 0.6985 and proceeded to plunge to 0.6715 in minutes
  • Massive AUD/JPY stops triggered for Japanese retail as cross fell over 7%
  • Move likely prompted by Apple profit warning that sent E-minis in a skid
  • AUD/USD and AUD/JPY spiked higher from the lows after the stops were done
  • Resilient Asian equities helped AUD/USD trade back to 0.6940 late morning
  • Resistance at 0.6985 and a test would complete the gap filling exercise
  • More resistance and sellers at former support around 0.7010/20

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