A classic reaction in the markets to the outcome of the French elections. It was widely expected that pro-euro centrist Emmanuel Macron was going to become the new President of France and that he would beat the euro-sceptic Marine Le Pen by a wide margin. And so it proved.
The Aussie/U.S. dollar (AUD/USD) currency pair has finally cracked a key support area today and at the time of this writing, the pair was still trading near the day’s low, suggesting strong selling pressure.