Dollar Versus Pound and Aussie September 4th

FX Strategy Video > Currency Pairs Analysis

GBP/USD rose again during the Monday session as the Pound continues to show real strength. The pair looks very healthy, and based upon the ascending triangle that we have recently broken out of - this pair should run to the 1.63 level before it is all said and done.

The AUD/USD pair fell on Monday, but gained back half of its losses by the close of business. The hammer is based upon the 1.0250 level, and looks to be at the very bottom of support. If we can break the bottom of the Monday lows - this pair sees parity in short order.

Published on 3rd of September 2012
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