Yesterdays close is really hurt for the AUD the here it comes this morning the unfavourable data result. At the moment the AUD is a bit rebounding and hoping to bounce until it is above .9235.

AUD/USD
  • Sellers 0.9300 and layered higher through to 0.8350 then 0.9380/00
  • Buyers 0.9280 layered lower through to 0.9190 – there are some stops below 0.9275 and 0.9260

While the EURUSD opened the day at 1.2893, slid to 1.2866 low not seen since July, 2013, and rebounded to current 1.2884.

The pair became too sensitive to every new wave of USD popularity. Yesterday’s surge of USD/JPY immediately sent the euro below 1.29, refreshing yearly lows. And the chances to see further move down are quite high. The lack of economic data out of the euro zone this week may not save the euro from falling, as the growing strength of the USD may be enough for the pair to reach new multi-month lows. The initial target to the downside may be found at 1.2864 support followed by 1.2833.


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