AUD/USD continued to test the Asia session lows around 0.9670


AUD/USD continued to test the Asia session lows around 0.9670 by the time of the US as the market looked to continue the risk off tone as Italian Bond auctions were again weak at best with reports that the Greeks were to change their wanted 50% write offs to 75%. This on top of reports that the $1 Trillion EFSF would unlikely get the funding required in the current market conditions. However, during the US morning the pair squeezed higher in a pattern that we have seen when the US is on

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