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AUD/USD recovers slightly after steep slide

AUD/USD retracing its steps after the earlier steep slide to 0.7566, crawled back to 0.7596 but in unconvincing fashion A combinations of soft ret sales data; China woes and Greek jitters weighed on AUD Thin trading cond…

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  • AUD/USD retracing its steps after the earlier steep slide to 0.7566, crawled back to 0.7596 but in unconvincing fashion

  • A combinations of soft ret sales data; China woes and Greek jitters weighed on AUD

  • Thin trading conditions played a role - stops below 0.7580 proved a magnet

  • AUS stocks down 1.9% at one stage as risk dumped ahead of Greferendum 

  • Bad news (on Greece) could see AUD/USD thru 0.7534 to levels not seen since '09

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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