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Thursday, August 26, 2010
Forex Market News
According to currency analysts, Barclays Capital, despite the positive dynamics that AUD / USD showed yesterday and today is a lack of bullish divergence, because of which trade on the pair in the short term may be limited by the range between the 60-day moving average at $ 0.8780 and the level of $ 0.8945. Given the lack of recovery above $ 0.8950, bank analysts see no reason to believe the current growth sustainable. Currently, AUD / USD traded in the middle of the range of $ 0.8833 / $ 0.8916. Previous days pair closes above the 55-day and 100-day moving average at $ 0.8824 and $ 0.8826 respectively. Now AUD / USD should rise above the 200-day moving average, which runs at $ 0.8941. The current rate of AUD / USD $ 0.8879.
