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Day: March 1, 2008
March 12008
Australian Dollar at 24 Years High
After one of the worst weeks for the U.S. dollar and the attraction of the large capitals to the high-yielding assets this week, the Australian dollar reached its record high value against USD in 24 years. AUD/USD touched 0.9496 two days ago it was the highest level since March 1984. The overall weekly gain wasnt very impressive (under 0.9%) because the currency pair corrected significantly on Friday. Aussie remained the second best performing currency against the U.S. […]
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March 12008
Forex Technical Analysis for 03/03—03/07 Week
EUR/USD trend: hold. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4431 1.4605 1.4891 1.5065 1.5351 1.5525 1.5811 GBP/USD 1.9324 1.9469 1.9680 1.9825 2.0036 2.0181 2.0392 USD/JPY 97.67 100.67 102.20 105.20 106.73 109.73 111.26 EUR/JPY 152.25 […]
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