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Thomson Reuters
Aug 12 - 11:00 PM
AUD/USD - Under Pressure Again After Gap Filled
First appeared on eFXplus on Aug 12 - 09:25 PM
  • AUD/USD is under pressure after filling in the gap from 0.7250 to 0.7300
  • The USD/TRY is back to 7.000 as Turkey's 'economic plan' lacks details
  • AUD still a proxy for EM and AUD/JPY moves reflecting market fear
  • AUD/USD trend lower & while Turkey/EM turmoil continues more weakness likely
  • The target of the current move is the December 2016 low at 0.7160

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