The Australian dollar is threatening its lowest close since 2010 as risk appetite fade on taper fears.
The S&P 500 is flat at 1615 after futures traded as high as 1630. The zone around 1600 has been a consistent ‘buy’ zone for the past week and is the critical level.
For AUD/USD, there are large stops below 0.9037/35 which was the cycle low set on Wednesday. Below, there are strong bids (with more stops below) at 0.9000 and 0.8950.
AUD/USD daily