The AUD/USD opened in Asia around 0.7105 and immediately came under some pressure after Moody"s downgraded Berkshire Hathaway and S&P downgraded all the major mortgage insurers after Wall Street closed. The AUD./USD traded down to 0.7070 at one stage before bouncing when the Nikkei opened higher and ignored the downgrade news. The AUD/USD traded up to 0.7095 before the Aus payroll data was released and it spiked down to 0.7051 when the job losses and unemployment rate was worse than expected. The dip proved brief,as Asian sovereign bids between 0.7030/50 and option related buying gave support. The AUD/USD made an impressive recovery back to the 0.7095 price where it was before the Aus job data. The 2.5% rise in the Nikkei helped to keep the AUD/USD elevated into the afternoon session.
TODAY SIGNAL
TIME : 2.30 PM ( M'SIA )
BUY : 0.7128 TARGET : 0.7139
* Don't forget to use stoploss
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Good afternoon, thank you for the visit, good night with happiness and successes. Hugs Valter.
ReplyDeleteGood night my friend!!
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