AUD/USD Stop Hit at 0.9137

AUD/USD fell to an intraday low at 0.9132, to reach our long entry point at 91.81.Unfortunately the stop loss was set at 0.9137 which was hit for -49 points. The pair is back above the entry level at 0.9181

Risk aversion heightened overnight as Asian and European stocks declined on concerns that banks may need to raise more capital. IMF’s Strauss-Kahn  was noted saying that about half of the bank losses from the global financial crisis has yet to be revealed.

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