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12 Feb 2013
Forex: AUD/USD prints fresh 3-month lows below 1.0250
As news of a 5.1 earthquake in North Korea was crossing the wires minutes ago, Aussie was slipping lower to just have printed fresh 3-month lows at 1.0241, last at 1.0246 off those lows. The pair loses -0.76% already for the week so far on continued Aussie weakness, despite positive NAB business confidence released in early Asian trade.
Hong-Kong, Singapore and mainland China will keep closed for today over holidays, while Japan and South Korea returned to trading from yesterday's break. Fears over a possible artificial cause of the earthquake are rising, pointing to a nuclear test, “likely” to be the case, said SK defense ministry, cited by Bloomberg. As for Aussie “The Australian dollar may halt a recent drop versus the U.S. currency after finding so-called support toward $1.0225, JPMorgan Chase and Co. said citing trading patterns,” reported Eamonn Sheridan at Forexlive.
Immediate support to the downside for AUD/USD lies at Oct 23 lows 1.0231, followed by Oct 15 lows at 1.0198, and Sept 05 lows at 1.0162. To the upside, closest resistance shows at yesterday's/Friday's lows 1.0248/54, followed by London session lows at 1.0262, and Thursday's lows/NY session highs at 1.0295.
Hong-Kong, Singapore and mainland China will keep closed for today over holidays, while Japan and South Korea returned to trading from yesterday's break. Fears over a possible artificial cause of the earthquake are rising, pointing to a nuclear test, “likely” to be the case, said SK defense ministry, cited by Bloomberg. As for Aussie “The Australian dollar may halt a recent drop versus the U.S. currency after finding so-called support toward $1.0225, JPMorgan Chase and Co. said citing trading patterns,” reported Eamonn Sheridan at Forexlive.
Immediate support to the downside for AUD/USD lies at Oct 23 lows 1.0231, followed by Oct 15 lows at 1.0198, and Sept 05 lows at 1.0162. To the upside, closest resistance shows at yesterday's/Friday's lows 1.0248/54, followed by London session lows at 1.0262, and Thursday's lows/NY session highs at 1.0295.