Published on FXDD (http://forex.fxdd.com)
Forex Trading News: AUDUSD Hits 7-Month Low
By Mr. Danish FX
Created Aug 26 2008 - 12:26am

The USD was able to gain momentum today as traders were apparently selling currencies of further troubled economies. The EURUSD creeped towards 6-month lows as the AUDUSD hit a 7-month low. The AUDUSD has found some nice support here around the 0.0% Fibonacci level below, which was a low on 8/13, as the pair has been unable to really break and run through.


Source URL: http://forex.fxdd.com/trading-news/6033/forex-trading-news%3A-audusd-hits-7-month-low