AUD/USD back up towards the earlier highs

Author: Pete Jackson | Category: Forex Orders

We’re around 0.9890 now after a pop up to  0.9900.

AUD gets a lift again from commodities and some EUR/AUD selling, after  finding some reasonable support around 0.9850  this morning. The euro cross has fallen over 100 pips from the Asian open to 1.3655.

Resistance ahead is likely at the 0.9927 level where the previous clear out in  August  cratered.

Talk of stops above here through 0.9935 ahead of some reasonable offers at 0.9980

Supposedly strong bids downstairs at 0.9770/90

 

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