Quantcast

AUD/USD rolling back over after a brief bounce; 0.8938 remains the target

FXstreet.com (Barcelona) – The AUD/USD reached a short-term Fibonacci projection at 0.8968 and bounced. However, it now appears to be rolling back over on the way down to the 0.8938 target.

Traders appear to be running away from risk and into safety

The concerns over Syria have given an already weakening AUD/USD another reason to sell off. As the hours pass Tuesday, traders will be able to focus on something else other than Syria. The question is whether any data or news will have enough juice to overshadow the Syrian situation.

Tuesday will once again …read more