OctaFX | OctaFX Forex Broker
Sign in
Open account
Back

AUD/USD sinks after double whammy, critical 0.92 in sight...

FXStreet (Bali) - AUD/USD kept on falling post the RBA quarterly monetary policy statement, with news that Obama had authorized targeted airstrikes in Iraq exacerbating the pain for the Aussie.

At present, the AUS/USD trades at the low of the day at 0.9243, level that converges with the origin of a spike from May 30 this year, thus the area is expected to act as solid demand. However, note that the Aussie has been in free-fall since the employment report on Thursday, so sentiment is not helping at all to prevent further losses.

On the upside, a recovery should see plenty of selling interested stacked between 0.9270-80 ahead of 0.93 round number. The key area to break to the downside remains sticky support at 0.92.

USD/JPY finally breaks the 102 support

USD/JPY is trading at 101.83, down -0.26% on the day, having posted a daily high at 102.16 and low at 101.82.
Read more Previous

Yen: Heavy buying after Obama headlines

The Japanese Yen is being bid to the boots following headlines that Obama authorized targeted airstrikes in Iraq to protect American personnel.
Read more Next
Start livechat