Dollar Versus Aussie and Pound October 12th

FX Strategy Video > Currency Pairs Analysis

AUD/USD  had a fairly benign day as it sits just below the parity level. We expect this area to be fairly resistive, and the resulting Doji for the Tuesday session sets up an easy trade. If we break to the downside, we think this pair continues to fall, heading towards 0.95 or so. If we break to the upside, we see 1.0250 to 1.03 as the next stop.

GBP/USD fell from the top of it's recent consolidation area. The 1.57 level continues to act as resistance, and with the Bank of England going into QE mode again, this pair should continue to act weak.

Published on 11th of October 2011
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