5 April 2002, 22:56 NY Mkt Talk AUD-USD has had a hard time over the 0.5300 level
AUD-USD has had a hard time over the 0.5300 level
this week, the key now expected to be a break of 0.5290. Below there,
light stops will likely kick in, and could shift sentiment enough to
force the 0.5270/60 region, where heavier stops are said to be lurking.
Unless the pair can take out the 0.5330/40 region, the pair may well be
primed to take a tumble.
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