very good for me aud/usd break up
Poor old aussie, AUD/USD just cant sustain any meaningful rally at the moment.
Were down at .9445 at writing.
Reports have barrier option interest lined up at .9425 and .9400.
---------- Post added at 08:30 AM ---------- Previous post was at 07:35 AM ----------
"The selling pressure surrounding the Aussie dollar intensified on Friday after the us Payrolls in May.
The AUD/USD quickly left behind the key support at 0.9500 in the wake of the data, extending the down-leg to the intraday support at 0.9480. Recall that the US economy created 175K jobs in May, exceeding the median at 165K and bettering Aptils 149K (revised lower). Further data showed that the jobless rate ticked higher to 7.6% vs. 7.5% expected and previous.
The pair is now retreating 1.34% at 0.9467 with the next support at 0.9435 (low Jun.6) ahead of 0.9388 (low Oct.4). On the upside, a breakout of 0.9617 (MA10d) would target 0.9675 (high Jun.6) and finally 0.9721 (MA21d)."
---------- Post added at 08:33 AM ---------- Previous post was at 08:30 AM ----------


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