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Forex Trading: Asian Session Recap and Ranges

Posted by Akhilesh Ganti on Aug 14, 2013 10:59:00 PM

The US Dollar was broadly weaker as strong economic data in New Zealand, rumors of Japanese buying Aussie bonds and reports of Chinese stimulus made the rounds. Technical factors led to stops being triggered as the Aussie broke through 0.9150/60 and the Euro breached 1.3270/80. As is so often the case when liquidity is poor, the risk of exaggerated moves is quite high. 

Ranges:

081513

 

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