Top
New York  London  GMT  Tokyo  Sydney 

AUD/USD: Stops triggered above .9010, more stops above .9080

By   || August 29, 2010 at 21:02 GMT
|| 0 comments || Add comment

AUD/USD was the big mover on Friday night and it has continued on in the same vein this morning, tripping stop-loss buy orders above .9010. Interbank dealers say that there are more stops placed above recent highs at .9080 and they may come into play later, depending on what the BoJ does and it’s effect on the JPY crosses.

On the election front, there has been no significant progress made in the formation of a new government and it is likely to stay that way until the end-of-the-week at the earliest.

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