AUD treading water…?

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Looks like the pair is stuck into a tight range again but is holding firm  after the rate cut earlier in the week. O/n employment data has contributed to the recovery off the  1.0441 lows in Asia , but the going’s still looking heavy on the upside with large option barrier protection offers ahead of the 1.0500 barrier.

Buy stops are poised to be triggered if the barriers flushed and more through 1.0520 ahead of stronger tech resistance up at 1.0565/70

(HSBC’s Chief economist now believes that we may have seen the last of the recent run of easing from the RBA, with the latest jobs data allowing the central bank to take more time to see if the total of 125 bps in cuts is having a stimulative effect on the economy)

AUD’s sitting at 1.0472


All|Economic Data|Europe|Regions

AUD/USD|Australian economy

Pete Jackson


  1. I wish it was sitting at 1.0772, I would so be in the money right now lol.

  2. Hi Pete, any insights on DAX? nearly 600 points up from low, new yearly high no (notable) retraces like US/Asia, and completely outperform every other major stock market. What gives? I thought the ‘recovery’ is supposedly coming from US and China?

  3. Ehem. I see you’re checking if we’re awake yet.

    Good morning Pete. Afraid your fat finger did it again. “AUD’s sitting at 1.0772″ :D

  4. AUD’s sitting at 1.0772 already…big gap up

  5. AUD sitting at 1.0472 Pete, AUD consolidating in triangle pattern with higher high and barrier 1.0480-90, I wait for a break either sides then make decision…

  6. oops tks JHC, its been amended, yes bad morning for fat fingers :)

  7. tks piptrapper

  8. me too Guitar, still fancy the topside, but i’m a bit of a permabull as you know….

  9. Hi Pete,

    Did you publish today’s orders/bids dislocation?


  10. I did lisa at 0705 GMT


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