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IGTFX technical analysis

Discussion in 'Technical Analysis' started by igtfx.research, Apr 7, 2010.

  1. igtfx.research

    igtfx.research New Member

    Feb 28, 2010
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    IGTFX technical analysis, Yesterday, the Australian central bank increased its benchmark interest rate to 4.25%. IGTFX, We are going to report about the IGTFX, AUD and the price influence of the decision. IGTFX, Furthermore we will report about the EUR, IGTFX, USD and the NZD. IGTFX, As Always, IGTFX, we wish you much success in trading today. IGTFX,
    IGTFX, Market Review – IGTFX, Fundamental Perspective
    IGTFX, The Australian central bank increased its benchmark interest rate to 4.25%. IGTFX, The AUD traded near its highest level against the EUR and the USD. IGTFX, The USD dropped to 0.9275 and the EUR traded near 1.4441 after it reached 1.4410, IGTFX, the weakest level since the launch of the EUR/AUD cross rate. IGTFX, The Reserve Bank Governor Glenn Stevens raised the benchmark to 4.25% and said that the rates need to be closer to average amid an expanding domestic economy. IGTFX, The world’s best performing major currency from the past year will also strengthen further as commodity prices rise. IGTFX, The losses of the NZD versus the IGTFX, AUD were limited after Auckland based Fonterra Cooperative Group Ltd., the world`s largest dairy exporter, said that milk powder prices jumped to the highest level in 21 months. IGTFX, The AUD rose to 1.3153 against the NZD. New Zealand’s benchmark interest rate is 2.5%, IGTFX, compared with 0.1% in Japan and as low as zero in the U.S., IGTFX, many investors find the South Pacific nations very attractive for their investments. IGTFX,

    IGTFX, The USD rose the most in almost two weeks versus the EUR as IGTFX, Greece tried to end speculation it may be having doubts about a plan that provides the European Union and International Monetary Fund to support in refinancing its debt. The EUR fell 0.6% and traded around 1.3399. IGTFX, Furthermore the EUR fell versus most of its 16 major counterparts after a report that Greece wants to bypass IGTFX, IMF involvement if it needs assistance because the conditions would be too stringent. IGTFX, The nations finance minister denied it. IGTFX, The JPY strengthened 1.2% against the EUR and reached 125.67. IGTFX,
    IGTFX, The EUR weakened 5.7% against the JPY this year and 6.5% versus the USD on concern that Greece will struggle with its financial shortfall. IGTFX, The deficit last year was 12.7%. More than four times higher as the European Union limit. IGTFX,
    IGTFX, Daily Technical Analysis - IGTFX, Our Focus Currencies for Today

    AUD/USD (1 Hour)
    IGTFX, Since the end of March, the AUD has been trading in a bullish trend channel against the USD. IGTFX, Yesterday, IGTFX, the currency pair touched the upper line of the channel simultaneously with its resistance near IGTFX, 0.9282 and the prices rebounded. IGTFX, Also the Stochastic indicator may support a bearish trend with a breakthrough of the signal line from the top, f IGTFX, or the next days. IGTFX, Next support could be around 0.9250. IGTFX,
    IGTFX, Intraday Support & Resistance (H1) Support Levels around IGTFX, Resistance Levels around IGTFX,
    IGTFX, 0.925 IGTFX, 0.9282
    IGTFX, 0.9215 IGTFX, N/A
    IGTFX, 0.918 IGTFX, N/A

    EUR/AUD (1 Hour)
    IGTFX, With the end of March, the currency pair traded in a bearish movement. IGTFX, Recently, IGTFX, the EUR touched its weakest level since the launch of the EUR/AUD cross rate. IGTFX, At the moment it looks like there wouldn’t be further supports for the EUR. IGTFX, Furthermore the Force indicator could support a continuing downtrend if it may not break the signal line. IGTFX,
    IGTFX, Intraday Support & Resistance (H1) IGTFX, Support Levels around Resistance Levels around IGTFX,
    IGTFX, N/A IGTFX, 1.4517
    IGTFX, N/A IGTFX, 1.4684
    IGTFX, N/A IGTFX, 1.4758

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