Forex Flash: AUD/USD, loss of 1.0460 risks acceleration to 1.04s low - NAB
Forex pairs in this Article »
AUD/USD
FXstreet.com (Barcelona) - Despite the more risk averse environment after a slightly hawkish FOMC minutes, which has somehow downgraded the chances of more QEinfinity beyond 2014, Treasury bonds have failed to rally alongside the USD. The 10 year paper has maanged to print about 6bp gains, taking the yield from 1.75% to 1.90% breakout level.
Meanwhile, the AUDUSD sell off has found a layer of buyers around 1.0465 day low, although according to NAB, the paur "looks a little ominous in terms of the local session ahead" they say, adding that "if 1.0460 fails to hold, risk of an acceleration in losses down to the low 1.04s appears quite high..."
Meanwhile, the AUDUSD sell off has found a layer of buyers around 1.0465 day low, although according to NAB, the paur "looks a little ominous in terms of the local session ahead" they say, adding that "if 1.0460 fails to hold, risk of an acceleration in losses down to the low 1.04s appears quite high..."
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