Day: September 3, 2011

September 3
2011

Third Week of Gains for Aussie, Can Rally Be Sustained?

The Australian dollar rallied for almost the whole week, posting the third week of gains against the US dollar in the longest run of weekly gains since April, but by the end of the week fundamentals became unfavorable for the currency. The Australian dollar was rising on the speculation the Reserve Bank of Australia won’t cut the interest rates. Futures on interest rates indicate only 20 percent probability that RBA Governor Glenn Stevens will cut the bank’s main […]

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September 3
2011

Forex Technical Analysis for Week 09/05—09/09

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3710 1.3947 1.4075 1.4312 1.4440 1.4677 1.4805 GBP/USD 1.5756 1.5943 1.6079 1.6266 1.6402 1.6589 1.6725 USD/JPY 75.56 75.98 76.39 76.81 77.22 77.64 78.05 EUR/JPY 104.92 106.88 108.00 109.96 111.08 113.04 114.16 GBP/JPY 121.10 122.59 123.56 125.05 126.02 […]

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