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AUD approaching decent bids around 0.7300 ... but ...

There are still bids at 0.7300 and thereabouts

  • A decent amount is option-related
  • Holding the AUD/USD at present
  • Some of the bids that were there, though, have been lowered a little
  • Weakness in iron ore in early China is weighing on the AUD a little

Also - there are stops below the 00 and more below 7290. These do appear vulnerable ... for the time being though 00 and just ahead of there is holding.

If you want a prediction I reckon the stops will be taken out .... (but, I have been wrong before ... on so many things .... or so my wife often reminds me)

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


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

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