Intraday Market Thoughts

Archived IMT (2009.08.05)

by Ashraf Laidi
Aug 5, 2009 16:04

AUSSIE FACT: Since July 9th, The Average daily downmove in AUDJPY amounted to +200 pips. So far today, AUDJPY is down 120 pips from its 80.55 session high. So it is fair to expect a breach below 79 and onto 78.80s. In the only day where the daily decline was less than 200 pips, further losses ensued in the following day of at least 150 pips.


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