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Derived real-time data in partnership with:
Thomson Reuters
Sep 04 - 07:24 AM
AUD/USD - Drops To Test Dec 2016 Low Before Lowe Speaks
First appeared on eFXplus on Sep 04 - 05:35 AM
  • AUD/USD tests 0.7160 (Dec 2016 low) after extending south from 0.7236
  • Slide fuelled by across-the-board buying of the USD amid risk aversion
  • 0.7236 was high after shorts squeezed post-RBA nL3N1VQ1P1
  • Lowe to speak at Reserve Bank Board dinner in Perth at 0930GMT
  • AUD/USD threatened 0.7160 on Monday, before a short-covering lift to 0.7223
  • 0.7188 (Asia low, pre-RBA statement) is now a resistance level

AUDUSD: Click here

Source:
Thomson Reuters IFR Markets

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