1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

AUD/USD was limited on the position nearby Fair Level

Discussion in 'Forex Discussions' started by ikonforex, Feb 15, 2011.

  1. ikonforex

    ikonforex New Member

    Dec 22, 2010
    Likes Received:
    In the morning session of Asia market on Wednesday, AUD/USD rebounded from the lowest point at the beginning of session of 0.9945 and ups and downs within 0.9970 to 80.

    The monetary strategist of Central Bank of Australia, Joseph Capurso said that after experienced the decline in New York hours at previous night, AUD/USD may be possible to recapture part of lost territory.

    He believed that AUD/USD has some sign of over bought currently, thus he predicted that the forex price will bounce back or increase slightly. However, the forex price will stay at the level nearby fair price.

    View from the interest prospects, Central Bank of Australia need to further adjust the interest, which is good for AUD/USD.
    At Beijing time 09:42, AUD/USD was 0.9974/79.

    Forex News from bit.ly/gffvln
    Edited By Sarah

Share This Page