IntegrityFX's Commentaries
Mar
16
2010
AUDUSD: Can You Spot the Range?
by IntegrityFX
Overall Rating:
AUDUSD broke through resistance at 0.9200 today, which had held up to two tests over the last week. This break has been fueled by a weakening US dollar more than a strengthening Australian dollar. The FOMC statement was mildly better than recent ones, with hints that the Fed will begin to ease off the liquidity injections, but keep rates depressed. The implication is for improving financial markets, and a return to growth. This is the [...]
Tags: david-leal | aud | forex | technical | trade | usd
