We had china cut rates this weekend. While this is theory AUD bullish, it is a sign that China is not in a good condition. It’s most recent challenge is a 19% fall in the stock market in 2 weeks Because of the events in the Eurozone, might open with gaps this week and in case the gaps happen, they would harbinger great volatility in the markets for the rest of the week.

SUP. 0.65 – 0.7140 – 0.7450

RES. 0.78 – 0.80 – 0.85

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk