DirectFX-phone-number-and-phone-image3.gif

p_7_top.jpg

Get a free Quote

Name
Email
Phone
From CCY
To CCY
Amount
Message
please type the characters you see:
(spam filter)
spam control image
 
p_1_top.gif

Apply now

Obligation free account and currency commentary btn_apply_for.gif
p_1_bottom.gif
Browse By Topic
Archive

FX News

Most recent FX News:

Read more

The 1.0800 resistance contains the AUDUSD for now

Written by Sam Coxhead on February 17th, 2012.      0 comments

5:29 PM (NZT) This pairing has spent this week trading within somewhat familiar territory. Whilst the AUD upside momentum has waned, the fact it has consolidated at these elevated levels, is somewhat ominous. The stronger than expected Australian employment numbers have increased the odds of an unchanged cash rate decision from the RBA, in the coming months. This has seen a certain amount investors who had sold AUD, reenter the market, to buy back their AUD. The US dollar may see some demand in the coming week, as the market lowers the expectations of imminent increases of the QE initiative from the FED, and any if further increases of tensions in the Greek debt swap debacle eventuate. Further upside from the AUD cannot be ruled out, but will prove harder fought from current levels, as the recent previous attempts have proven.
 
The current interbank midrate is:                                                            AUDUSD  1.0780                                                                                         
 
The interbank range so far this week to date has been:                 AUDUSD 1.0625 - 1.0799
 

Comments