by Chris Becker
Not quite a bath of blood in stocks in Asia today, with the ASX200 the best performer outside Asia, as a lower Yuan fix sent other currencies selling off. Pound Sterling hit the 1.27 handle before a slight rebound as The City opens, while Aussie dollar almost smashed through the 74 handle against US before a late afternoon reprieve.
I’m watching rolling ATR resistance at 74.60 for signs this short term swing turns into a reversal, while others on longer term views pick another good top point for adding to shorts:
