Aussie Versus Dollar and Yen July 25th

FX Strategy Video > Currency Pairs Analysis

The AUD/USD pair had a quiet day on Friday, and showed that it is quite comfortable in the 1.08 handle. The pair looks like it could pullback a little, and the 1.08 level could be retested as support. If we can prove it to be supportive - buying at that level would be a great move.

AUD/JPY is a different story altogether. The AUD/JPY looks like it might have a small move up in it, but there is a long-term down trending channel that is keeping the upside in wraps.

Published on 22nd of July 2011
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