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Who popped the AUDUSD bubble?

Discussion in 'Technical Analysis' started by ForexLive, Oct 13, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    9 straight days of gains go pop in the aussie As I type AUDUSD is breaking below an old S&R level at 0.7270 after the recent rally ran out of fuel The big drop in Chinese imports hasn't helped. The better than expected fall in exports may calm the wider markets but if China isn't buying, then Australia is one country they're not buying from. Throw in the BOJ minutes and the effect on the yen crosses, and a mildly hawkish Lowe at the RBA, and suddenly there's 3 reasons why the longs got out of dodge

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