AUD/USD

AUD/USD] dipped to an intraday low around the 0.6900 handle before more details on US Treasury Sec Geithner's plan to...
[AUD/USD] dipped to an intraday low around the 0.6900 handle before more details on US Treasury Sec Geithner's plan to remove toxic assets from the financial system gave the S&P futures and Asian stocks a prop lending a hand to risk appetite and the pair as well as it rose to an intraday high around the 0.6940 level. Real money investors and a European name were keen buyers from the 0.6910 level with the pair getting a further boost from Aud/Jpy buying from Japanese sec house and and invt bank. A test of resistance at 0.6958 is likely but the 0.7000 psychological level may prove tough on the first try.