Cable falls below 1.58, AUD breaks 1.03 barrier

Another leg down for cable and Aussie but the euro is holding on so far.

Cable is below 1.58 and sell stops loom at 1.5780. Bids lurking at 1.5750/60 and at the 100-day moving average at 1.5745.

The highly touted 1.03 barrier in AUD/USD put up a good fight. Support thins out now that the 200-day moving average (1.0312) has given way.

There are bids at 1.0270/80 but I suspect the size is small (I’m told they might have some size). Stops below.

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