AUD/USD holding steady ahead of 1.0500 barriers

Author: Pete Jackson | Category: News

Touched a high of 1.0485 in Asia after early lows of 1.0464 with Japanese names and local exporters underpinning the pair.

The 1.0500 barrier is again coming into focus with some heavy offers in front but buy stops are placed on a break, through 1.5020(Sept 21 high 1.0519)and 1.0570 ( 13 Sept high 1.0569).

Initial bids sit down at 1.0465/70  and 1.0410/20

AUD’s sits around 1.0475