Filed Under:
Forex pairs in this Article » AUD/USD
FXstreet.com (Barcelona) - As news of a 5.1 earthquake in North Korea was crossing the wires minutes ago, Aussie was slipping lower to just have printed fresh 3-month lows at 1.0241, last at 1.0246 off those lows. The pair loses -0.76% already for the week so far on continued Aussie weakness, despite positive NAB business confidence released in early Asian trade.

Hong-Kong, Singapore and mainland China will keep closed for today over holidays, while Japan and South Korea returned to trading from yesterday's break. Fears over a possible artificial cause of the earthquake are rising, pointing to a nuclear test, "likely" to be the case, said SK defense ministry, cited by Bloomberg. As for Aussie "The Australian dollar may halt a recent drop versus the U.S. currency after finding so-called support toward $1.0225, JPMorgan Chase and Co. said citing trading patterns," reported Eamonn Sheridan at Forexlive.

Immediate support to the downside for AUDUSD lies at Oct 23 lows 1.0231, followed by Oct 15 lows at 1.0198, and Sept 05 lows at 1.0162. To the upside, closest resistance shows at yesterday's/Friday's lows 1.0248/54, followed by London session lows at 1.0262, and Thursday's lows/NY session highs at 1.0295.
comments powered by Disqus