USD Trading Outlook (18-09-2014)

AUD/USD elicited fresh support at 0.9061 (Asia low) on two occasions during the Ldn am (to date), with 0.9078 marking the interim high. More bids are tipped at 0.9050 (Mon high & small option expiry level) and 0.9030 (Sept 12 low). There is a very large 0.9100 option expiry for today’s 10am ET NY cut (0.9113 was yesterday’s short covering-fuelled high).

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