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The EUR/AUD hits upside target above 1.5020 and shows signs of reversing

FXstreet.com (Barcelona) – With the Aussie Dollar getting hammered recently, the EUR/AUD was able to make its way all the way up to technical targets just above 1.5020 before reversing lower Wednesday.

Aussie hit Wednesday on reversal in the risk trade; selling ramps up early Thursday

The rumors / news that the Obama Administration would follow US and international protocol prior to launching any attack on Syria was enough to force the partial reversal of the “risk-off” trade that has dominated the action in markets recently. A big part of that trade was to be short of the Australian …read more