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Thomson Reuters
Oct 25 - 06:12 AM
AUD/USD - Finds Bids Ahead Of 0.7055 Again
First appeared on eFXplus on Oct 25 - 03:55 AM
  • AUD/USD elicited fresh support pre-0.7055 after dropping from 0.7078
  • 0.7078 was early Europe high (0.7084 = Asian session top)
  • Prior demand just shy of 0.7055 based Wednesday's risk aversion-spurred fall
  • Nasdaq suffered biggest one-day percentage drop since 2011
  • Bids near 0.7055 also based AUD/USD losses Tuesday (0.7056 lows that day)
  • Stops expected below 0.7040 (0.7041-46 = 32-month lows earlier this month)

AUDUSD: Click here

Source:
Thomson Reuters IFR Markets

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