By FXEmpire.com
The AUD/USD pair rose during the session on Wednesday, Thursday, and Friday. This made the week very bullish for the pair, and it appears that the commodity currencies on the whole are getting quite a bit of support. This is basically because of the expectations of the European Central Bank entering more monetary easing, as well as the Federal Reserve. The liquidity fueled rallies should continue until these meetings at the very least, but if there are significant move made by the central banks – we think that the commodity currencies such as the Australian dollar will continue much higher. 1.05 is still resistive, but it does look like it said to fall. As for selling, we simply wouldn’t do it at this point.
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Originally posted here
