Wednesday, November 3, 2010

AUD: It is possible that parity would rather support than resistance

In anticipation of today's long-awaited FOMC meeting Aussie consolidated near parity in the last 24 hours, along with risky traders are not prepared, in general, the objective assessment of the market before the Fed decision. Nightly News that September building permits were lower than expected, did not have a strong influence on the Aussie. Strength of the kiwi in the last days of indirectly helping Australian. If the dollar will negatively react to today's decision by the Fed, then move above parity seems inevitable. Indeed, it is possible that parity would rather support than resistance.

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