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Derived real-time data in partnership with:
Thomson Reuters
Oct 11 - 12:12 AM
AUD/USD - Resilient In Face Of Stock Rout, Drop Later Likely
First appeared on eFXplus on Oct 10 - 10:20 PM
  • AUD/USD remarkably steady considering stock rout in Asia
  • Nikkei falls more than 4%, S+P E-mini futures more than 1% more
  • AUD/USD at the day's high of 0.7076 despite the risk-off markets
  • Recent lows at 0.7041/46 held in early trade triggering the bounce
  • Break seems inevitable with a test of 70 cents and 0.6973, Feb 2016 low
  • Ultimate target Jan 2016 low at 0.6827, first resistance initial 0.7085 low

AUD daily: Click here

AUD weekly: Click here

Source:
Thomson Reuters IFR Markets

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