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16 Jan 2015
AUD/USD bears testing bulls commitments on 0.82 handle.
FXStreet (Guatemala) - AUD/USD is currently trading at 0.8203 with a high of 0.8230 and a low of 0.8198 and down 0.24% on the day.
AUD/USD has settled right down around the 0.8220 support post a volatile spell overnight around the SNB mayhem in the financial markets. The events saw trading suspended in the CHF at most brokers while liquidity was a disaster and taking out brokers and retail positions with it.
Volatility may well be the theme as news and events continue to emerge within the aftermath of the SNB's actions. The greenback may become the major benefactor of diversification, treading on the Aussie to the downside as a subsequent scenario. But for the mean time, the Aussie bulls have been in control, although the price is starting to look increasingly fragile in recent trading and a test of 0.8200 could be on the cards, with next support at 0.8190.
AUD/USD has settled right down around the 0.8220 support post a volatile spell overnight around the SNB mayhem in the financial markets. The events saw trading suspended in the CHF at most brokers while liquidity was a disaster and taking out brokers and retail positions with it.
Volatility may well be the theme as news and events continue to emerge within the aftermath of the SNB's actions. The greenback may become the major benefactor of diversification, treading on the Aussie to the downside as a subsequent scenario. But for the mean time, the Aussie bulls have been in control, although the price is starting to look increasingly fragile in recent trading and a test of 0.8200 could be on the cards, with next support at 0.8190.