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Forex Flash: Market will likely target topside AUD stop losses - ANZ

By FXstreet.com,  July 18, 2012, 07:28:00 PM EDT

FXstreet.com (Barcelona) - The AUD/USD, the "carry trade of choice" along with the EUR/AUD, is holding really well above former-resistace-turned-suport at 1.0325. According to ANZ FX reearch team, "looking ahead, the market will likely target topside AUD stop losses in what looks to be a quiet day ahead." The AUD/USD sits on a solid position around 1.0160.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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