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AUD/USD struggling to recover earlier losses

Pair since bounced off its 0.8043 low but 0.8070 proving a tentative block Iron ore fixed 1.3% lower while Dalian future fell 3% (and another 0.5% today) For now respect 0.8040; break however warns Wednesday's rally done

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EconoTimes — Reading the Times. Understanding the Future.

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  • Pair since bounced off its 0.8043 low but 0.8070 proving a tentative block

  • Iron ore fixed 1.3% lower while Dalian future fell 3% (and another 0.5% today)

  • For now respect 0.8040; break however warns Wednesday's rally done

 

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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