Forex − EUR/USD, AUD/USD Flows − The picture changes?
Monday, October 11, 2010
, Posted by Usman Ali Minhas at 9:09 AM
International Trading
Published at 14:14 (GMT) 11 Oct
It's not a big move in terms of a normal market, but the push back to the north by the AUD appears to be at least a slight recognition of short positions at the business end of the AUD. Trade, we are told, is 'busy for a US holiday', an expression which could be taken in a number of ways! Technical studies are only slightly bearish on the currency, and another push to challenge the overnight highs in the 0.9905/10 area is all that it would take to change the picture to support the buyers. C.F.
