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AUD/USD recovers as S&P plays down risk of rating

AUD partly improves from late Asian fall S&P quoted saying that it does not see large risk of rating change over next 2 years AUD off 45 pips earlier on oft-repeated S&P warnings on budget vulnerability Move expected to …

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  • AUD partly improves from late Asian fall

  • S&P quoted saying that it does not see large risk of rating change over next 2
    years

  • AUD off 45 pips earlier on oft-repeated S&P warnings on budget vulnerability

  • Move expected to be algo driven in thin market conditions

  • Initial support at 0.7775, stable resistance at 0.7830-40 

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560