AUDUSD orders 21 Sept - The retreat continues

Author: Mike Paterson | Category: Forex Orders

Currently 0.7942 just off session lows

Lowe comments/China ratings downgrade/metal prices lower/USD demand all combining in part to put a lid on around 0.8000 and post 0.7938 lows so far.

Oh, and a decent size option expiry protection at 0.8100 that will have added to the supply in the pre-FOMC spike.

Decent support at 0.7950 now history. More bids into 0.7930.

Offers: 0.7980 0.8000 0.8020 0.8035 0.8050 0.8080 0.8100

Bids:  0.7925-30 0.7900 0.7885 0.7865 0.7850