AUD/USD at 10-week high

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AUD/USD has broken through a reported barrier at 1.05 after more stops were tripped in EUR/AUD.

More buys stops are located above 1.0520 but resistance is light up to 1.0570.

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.

6 Comments

  1. Good morning, Adam. Today is probably the day: AAPL is now within inches of having a death cross on its daily chart. We may assume that all 241 hedge funds invested in it are not going to be amused by their client’s phone calls later today or tomorrow.

  2. Good morning Adam, Any hope for GBPAUD upward today?

  3. Not looking particularly good today koorosh

  4. hey adam, you are the cable guru.. whats your take?

  5. I have a knack for cable, I don’t know why. If we close around here, that’s three doji stars in a row and a third failure to close above 1.61. I would go with any move outside the three day range (1.6080-1.6130) but prefer the downside for the day.

  6. looks like the market is paying attention to what you were saying ;-)

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