Nov 27, 2014
AUD/NZD: Cascade of stops below 1.09 send rate to a 4-month low
AUD/NZD, which in recent days was looking to be coiling up a potential big move, finally managed to break a key support area at 1.09, chopping short term long positions, snowballing a major cascade of stop loss orders, as momentum persisted until a test of 1.0820, that was, down 1 full cent for the day at that point, before correcting higher to 1.0840 at present.
Leer más
Previous