Dollar Versus Aussie and Franc October 28th

FX Strategy Video > Currency Pairs Analysis

AUD/USD rose straight up for the Thursday session as the EU bailout details were cheered on by the markets. The commodity markets got a bid, and the AUD rose as a result. The USD got sold against almost everything, and the AUD was no different. Gold took off, and the AUD should have a lift from that as well.

The USD/CHF pair fell as well, and this shows how bad the USD is right now. The Swiss National Bank is working against the Franc at the moment, and to sell something in order to buy the Franc really shows how much the Dollar isn't liked at the moment. However, we can't sell - will we get that supportive candle in the 0.85 level? It would be a great place to go long if we can.

Published on 27th of October 2011
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