Friday, May 28, 2010

AUD / USD back to 0.85


AUD / USD had weakened to 0.846 and then rose this morning, but the reinforcement does not last long. Now the pair back down to around 0.85 again. Action sell AUD / USD hamper the pace of strengthening of this pair, and otherwise act to buy the AUD / JPY to provide support for the AUD / USD. Pairs predicted would still be moving in the current range until noon.

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