28 Jun 2013
AUD/USD sells below 0.9260 on Q2 end flows
FXstreet.com (Barcelona) - AUD/USD is taking a hit on what presumably might be Q2 ens flows.
The fall has broken through the last swing low at 0.9262, although only marginally. An additional push lower might lead to further retracement towards area of support at 0.9240. Offers at 0.9330/40 region have proved to be solid.
According to by Eamonn Sheridan from Forexlive: "Market talks has it that quarter-end flowsare said to be behind the AUD selling thats pushing the AUD a little lower so far this morning."
The fall has broken through the last swing low at 0.9262, although only marginally. An additional push lower might lead to further retracement towards area of support at 0.9240. Offers at 0.9330/40 region have proved to be solid.
According to by Eamonn Sheridan from Forexlive: "Market talks has it that quarter-end flowsare said to be behind the AUD selling thats pushing the AUD a little lower so far this morning."