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26 Feb 2014
AUD/USD - Stops below 0.90 done
FXStreet (Bali) - AUD/USD has dropped over 40 pips in the first few minutes of Tokyo, falling from 0.9010 down towards 0.8967 session low.
There has been no headlines in the wires that could have triggered such a move down, suggesting a stop-loss run is the most likely reason as sellers get the upper hand very early in the Asian session.
The break lower, according to Jim Langlands, Founder at FXCharts, see 0.8920 (38.2% of 0.8659/0.90/0.9080/ daily cloud base) coming into focus as long as 0.8975 can be decisively broken.
There has been no headlines in the wires that could have triggered such a move down, suggesting a stop-loss run is the most likely reason as sellers get the upper hand very early in the Asian session.
The break lower, according to Jim Langlands, Founder at FXCharts, see 0.8920 (38.2% of 0.8659/0.90/0.9080/ daily cloud base) coming into focus as long as 0.8975 can be decisively broken.