OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD trips stops below 0.9080

FXStreet (Bali) - AUD/USD is breaking lower after tripping stops below the 0.9080 handle, an important level as it represented the 50% fib retrac from the Jan-June rally.

Market sources note sizeable stops further down below the 0.9050 area. As the technicals stand, Jim Langlands, Founder at FXCharts, sees "0.9050 (Weekly Cloud Base, 50% pivot of 0.8660/0.9505, Monthly Tenkan) and eventually towards 0.9000" as next targets.

NZD/USD threatens to break into fresh lows

Even with an improved NZ PMI read earlier today, NZD/USD is failing to attract enough buyers to move away from its most recent low at 0.8164 after stalling its recovery just ahead of 0.82.
Read more Previous

China New Loans above expectations (700B) in August: Actual (702.5B)

Read more Next
Start livechat