15 Jan 2014
AUD/USD hits fresh lows early in Asia
FXstreet.com (Córdoba) - After falling more than a hundred pips on Tuesday, the AUD/USD fell further early on Asia, reaching a fresh low at 0.8951, breaking to the downside a small trading range that contained price action during the last hours of the American session.
Stocks in Australia are rising the in the first hours of trading with the S&P/ASP 200 up 0.79% ahead of tomorrow's Australian employment report.
AUD/USD after the reversal
On Monday the AUD/USD rose sharply, rallying on top of 0.9000, hitting 1-month highs but on day after, turned to the downside, tumbling from 0.9055 to 0.8957, making an important short-term reversal.
According to Jim Langlands from FX Charts to points to watch to the downside are 0.8950 and below 0.8915 and 0.8900. “I don’t see us below there today, but if wrong we would head back towards the recent lows at 0.8880 and then 0.8860”, said Langlands.
Stocks in Australia are rising the in the first hours of trading with the S&P/ASP 200 up 0.79% ahead of tomorrow's Australian employment report.
AUD/USD after the reversal
On Monday the AUD/USD rose sharply, rallying on top of 0.9000, hitting 1-month highs but on day after, turned to the downside, tumbling from 0.9055 to 0.8957, making an important short-term reversal.
According to Jim Langlands from FX Charts to points to watch to the downside are 0.8950 and below 0.8915 and 0.8900. “I don’t see us below there today, but if wrong we would head back towards the recent lows at 0.8880 and then 0.8860”, said Langlands.