Dollar Versus Aussie and Loonie February 24th

FX Strategy Video > Currency Pairs Analysis

AUD/USD rose on Thursday as the 1.06 level held as support again. The flooding of liquidity by central banks should continue to boost the demand for commodities, and this always helps the Aussie. The pair is being held down by the 1.08 level - but we still see 1.12 as the target.

The USD/CAD pair continues to ping around the parity level, and the market continues to be a scalping one. The 0.99 and 1.0000 levels should continue to be boundaries going forward.

Published on 23rd of February 2012
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