Aussie Versus Dollar and Yen December 8th

FX Strategy Video > Currency Pairs Analysis

AUD/USD rose during the session on Wednesday as traders continue to anticipate good news coming out of the EU after this weeks summit. The pair still finds itself in consolidation, and the next 200 pips above are going to be hard to overtake unless we get good news from that meeting.

AUD/JPY is a highly risk-sensitive pair. The pair did rise a bit during Wednesday, but only somewhat. The hammer from the Tuesday session suggests that we may go higher, but we will have to overcome the 80 mark first.

Published on 7th of December 2011
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