AUD/USD Outlook – February 8-12

February 6th, 2010 admin

Like other currencies, the Aussie surrendered to the dollar before and after the NFP . The upcoming week brings important employment figures among other events. Here’s an outlook for the events in Australia and an updated AUD/USD technical analysis. AUD/USD chart with support and resistance lines marked on it. Click to enlarge: The Aussie suffered from a disappointing rate decision. Glenn Stevens left the rates unchanged at 3.75%, weakening the Aussie, despite the good fundamentals of the Australian economy, with employment …


Originally posted on ForexCrunch

 
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