Friday, September 24, 2010

AUD: The band with a one-way ceased

After reaching a maximum of two years on Wednesday OSSI to 0.96, the dynamics of prices of all your favorite currency became a little more cautious. Given the very high level of RSI and unbridled optimistic with respect to the Australian, probably, he became very attractive to the bulls. Nevertheless, this situation may be a harbinger of long-term correction. Over the past two weeks, an Australian, not breathing, has grown more than 8%. If indeed the Fed decides to postpone the new quantitative easing until Christmas, while short positions on the dollar may need to cover. Appetite for risk appears to decrease somewhat, and prices of raw materials, too, that poses a threat to the bulls to the Australian. The band with the one-way for the Australian end.
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