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16 Aug 2013
AUD/USD heading towards 0.9188 Thursday peak
FXstreet.com (Barcelona) - The Australian Dollar is picking up additional pips vs the U.S. Dollar as 0.9160 resistance gets penetrated and buyers head towards 0.9181 light stops ahead of 0.9188 Thursday peak.
There are reports from bank sources suggesting that offers are being reported between 0.9200 and 0.9220 protecting stop loss orders reported above 0.9230, which is a 10 pips buffer from Aug 12 high and the more stops at 0.9250/60, bank sources say.
The surge follows more evidence that the AUD/USD profile has turned an attractive one to induce a stronger view towards buying the dips, as seen in the past U.S. session following a fake break to the downside.
There are reports from bank sources suggesting that offers are being reported between 0.9200 and 0.9220 protecting stop loss orders reported above 0.9230, which is a 10 pips buffer from Aug 12 high and the more stops at 0.9250/60, bank sources say.
The surge follows more evidence that the AUD/USD profile has turned an attractive one to induce a stronger view towards buying the dips, as seen in the past U.S. session following a fake break to the downside.