Dollar Versus Aussie and Euro August 17th

FX Strategy Video > Currency Pairs Analysis

AUD/USD rose again during the session on Thursday in order to close back above the 1.05 level. This is a very bullish sign, and we think this has some way to go. With central banks willing to print more money, the gold and other commodity markets should continue higher - just like the Aussie.

The EUR/USD got a boost on Friday due to talk of a Spanish bank bailout. The pair managed to challenge, but not break above the shooting star from the Tuesday session. We are still in the rising wedge, so we simply are waiting patiently for our next shorting opportunity.

Published on 16th of August 2012
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