Trailing stops are being triggered all over the stop as AUD/USD tumbles below the 0.9820, the 2008 high that was taken out after strong Aussie employment data this morning.
The market is giving increased signs that we had a dollar-selling climax today and we are in for a period of retracement.
0.9780/90 is support on the hourly charts in AUD…more stops are eyed below…
