Equities, USD rally on GOP victory- The AUDUSD has fallen like a stone overnight with the pair hitting a low of .8565, a level last seen in early July 2010

David Scutt

Scutt Partners

Equities, USD rally on GOP victory- The AUDUSD has fallen like a stone overnight with the pair hitting a low of .8565, a level last seen in early July 2010. While it looks like it may have found short-term above this level, today's unemployment data at 11.30am looks like it'll be the catalyst to either spark a significant short squeeze or send the Aussie tumbling even lower. Support is located at .8565, .8550 and at .8500 with resistance kicking in at .8600, .8628 and again at .8650. (VIEW LINK)


David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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