5 May 2014
AUD/USD - stops above 0.9315 done
FXStreet (Bali) - AUD/USD tripped stops above 0.9315 to trade as high as 0.9322 in early trading, before returning back down towards 0.9280, current levels.
While the move may not reflected in most retail platforms, with ticks starting from 21GMT, it was during the inter-bank trading that traders rushed to blow the stops.
On the back of a strong NFP last Friday, which fell on deaf ears to appreciate the USD, the pair will face additional risk events today in Asia, in the form of Aus TDMI inflation, building approvals and China HSBC PMI.
While the move may not reflected in most retail platforms, with ticks starting from 21GMT, it was during the inter-bank trading that traders rushed to blow the stops.
On the back of a strong NFP last Friday, which fell on deaf ears to appreciate the USD, the pair will face additional risk events today in Asia, in the form of Aus TDMI inflation, building approvals and China HSBC PMI.