[AUD/USD]

)[AUD/USD] retreated from the day's high of 0.7095 to 0.7055 before buying from a UK Clearer and US name...
[AUD/USD] retreated from the day's high of 0.7095 to 0.7055 before buying from a UK Clearer and US name saw the pair trading back to the 0.7080 level. However, the pair could not muster enough strength from there to scale the 0.7100 handle but instead succumbed to selling from semi-official types & a French name filling orders at the 0.7030 lvl & triggering stops at the 0.7020 to reach an o/n low of 0.6962 lvl. Softer copper & gold prices also contributed to the pair's weak tone during the European session. The pair made another attempt to trip stops at 0.7030 but was unsuccessful as Wall St retreated on profit taking. The pair was also weighed down on Aud/Jpy selling from a European name. With no data on tap today, the pair will once again look to the equity and commodity mkts for direction. Buying orders at 0.6925 by a local & selling orders at 0.7025 by intraday specs will keep the range this session.