Barclays Capital on AUD/USD

Market news

11 May 2011

Barclays Capital on AUD/USD

AUD/USD draggs down, holding around new session low on $1.0682. Barclays Capital technical analysts say "a break over Fibo resistance in the $1.0915 area would suggest a run-up to the $1.1014" On the downside a break of support at $1.0660 would be needed "to signal that further downside correction". Aussie printed high of $1.1014 May 2 and then tumbled 4.4% to $1.0532 May 5.

US focus: Canadian dollar declines as crude oil drops

Dow -99.60 at 12660.76, Nasdaq -17.31 at 2854.58, S&P -10.16 at 1347.00

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