AUDUSD Intra-day Price Action , Oct 07 08

This chart shows a snapshot of price action over the last two days for the AUDUSD. The October 6th low of 0.6982 represents a 4 year low. The reaction low of 0.7025 was seen immediately after the RBA Interest Rate Statement (full commentary here). In early morning London trade the AUD has seen a high of 0.7355 so far with demand returning to the market.