FXstreet.com (Barcelona) - The AUD/USD, the "carry trade of choice" along with the EUR/AUD, is holding really well above former-resistace-turned-suport at 1.0325. According to ANZ FX reearch team, "looking ahead, the market will likely target topside AUD stop losses in what looks to be a quiet day ahead." The AUD/USD sits on a solid position around 1.0160.
Forex Flash: Market will likely target topside AUD stop losses - ANZ
Wed, Jul 18 2012, 23:28 GMT | FXstreet.com
AUD/USD May 22 at 15:55 GMT
0.9691/93 (-1.13%)
H0.9830 L 0.9673
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
