Dollar Versus Pound and Aussie June 8th

FX Strategy Video > Currency Pairs Analysis

GBP/USD fell after initially spiking during the session on Thursday. The pair looks weak at this point, and the risk correlation continues to weigh upon it. The shooting star-like candle looks as if the market is ready to fall again.

The AUD/USD pair formed a perfect shooting star on Thursday as the lack of easing talk by the Federal Reserve Chairman in front of the US Congress whacked the hopes of the traders as far as easing. This pair looks ready to fall yet again as the parity level held.

Published on 7th of June 2012
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