Tuesday, May 25, 2010

AUD / USD still depressed at 0.82. Pair still potentially fall further, given the Asian stock markets fell further and further into the red zone. Currently Nikkei and Kospi -3% -4%. Sell stop reportedly waiting in 0.818, and if touched, it will bring the AUD / USD to move downward. In addition, tensions between North and South Korea is heating up also affect Asian stock markets.

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