April 30, 2010
Sell-off in Stocks Triggers AUD USD Break
A hard break in U.S. equity markets Friday helped to weaken the AUD USD. After testing a downtrending Gann angle at .9317 early in the session, the Aussie began to weaken
when stock indices failed to follow-through to the upside.
The Aussie was boosted overnight on increased appetite for risk and the possibility of an interest rate hike by the Reserve Bank of Australia at its next meeting on May
…
