21:17 AUD/USD & NZD/USD: Moving Higher In Thin Markets Sydney, November 19:
Traders say that the move higher in the AUD/USD and NZD/USD this morning has
been in very thin markets and the buying has not been widespread. The buying is
believed to be sourced out of the US and has been "predatory" in nature. The
AUD/USD has moved up from 0.8930 to a high so far at 0.8982 with some of the
larger players not involved directly or otherwise. Resistance is found at
Thursday"s high between 0.9015/20, but there are standing sell orders ahead of
0.9000.
The NZD/USD has also been in demand this morning and has traded up to 0.7601
after closing the US session around 0.7575. There are stops above Friday"s high
around 0.7625. The AUD/USD trades 0.8974/79 and the NZD/USD trades
0.7596/0.7601. [email protected]
Traders say that the move higher in the AUD/USD and NZD/USD this morning has
been in very thin markets and the buying has not been widespread. The buying is
believed to be sourced out of the US and has been "predatory" in nature. The
AUD/USD has moved up from 0.8930 to a high so far at 0.8982 with some of the
larger players not involved directly or otherwise. Resistance is found at
Thursday"s high between 0.9015/20, but there are standing sell orders ahead of
0.9000.
The NZD/USD has also been in demand this morning and has traded up to 0.7601
after closing the US session around 0.7575. There are stops above Friday"s high
around 0.7625. The AUD/USD trades 0.8974/79 and the NZD/USD trades
0.7596/0.7601. [email protected]
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