AUD/USD dropped sharply after dovish comments from Glenn Stevens and is now in effort to recover. Will it make it back to the previous range before the week ends? Here’s a quick update on technicals, fundamentals and community trends. * Post updated 16:00 GMT AUD to USD sharp drop. AUD/USD Technicals Asian session: AUD USD dropped sharply and bounced off the critical 0.9660 level. It later lost that as well. Current Range: 0.9540 to 0.9660. Further levels in both directions: Below 0.9540, 0.9460, 0.9366. Above 0.9660, 0.9725, 0.9863, 0.9915, 1.0000, 1.0080, 1.0180, 1.0220, 1.03. Parity is a big technical hurdle, but unlikely to be tackled in current conditions. Strong support at 0.9660 lost – bearish signal. AUD/USD Fundamentals 22:30 (Thursday) Glenn Stevens’ dovish comment hurt the Aussie. AUD/USD Sentiment North Korean attack on South Korea surprises the world and triggers risk aversive trading. The Aussie is sensitive to this news, and now suffers from the fresh Korean tensions. Contagion spreading: Fears that Spain and Italy will also need bailout packages impacts the whole world, not only the Euro. Portugal might receive aid soon. Light Thanksgiving trading means that the markets will probably hardly move until a major news, from Europe for example, can rock the markets on thin trading volume. Currensee Community: 92% are short, 8% are long. 358 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Spanish Bonds Jump Again – 5.25% and Rising Yohay Elam 12 years AUD/USD dropped sharply after dovish comments from Glenn Stevens and is now in effort to recover. Will it make it back to the previous range before the week ends? Here's a quick update on technicals, fundamentals and community trends. * Post updated 16:00 GMT AUD to USD sharp drop. AUD/USD Technicals Asian session: AUD USD dropped sharply and bounced off the critical 0.9660 level. It later lost that as well. Current Range: 0.9540 to 0.9660. Further levels in both directions: Below 0.9540, 0.9460, 0.9366. Above 0.9660, 0.9725, 0.9863, 0.9915, 1.0000, 1.0080, 1.0180, 1.0220, 1.03. Parity is a big technical… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
