Top
New York  London  GMT  Tokyo  Sydney 

Decent Aussie buying

By   || March 12, 2010 at 15:34 GMT
|| 0 comments || Add comment

Traders report seeing good-sized buying of AUD/USD in the 0.9150 area but they came fairly easily, suggesting the market still sits quite long. More buying is rumored at the 16:00 GMT fixing. If we don’t rally, we could be due for a bit of a downside shake out.

We stalled earlier in the session at 0.9198 . A break below 0.9115 should trigger stops and perhaps signal a near-term AUD/USD top.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

Comments are closed.

Bottom