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Ikon forex "AUD/USD might fell down to the fair price level"

Discussion in 'Forex Discussions' started by ikonforex, Feb 10, 2011.

  1. ikonforex

    ikonforex New Member

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    If the employment data was worse than the previous expectation in the forex market, the forex price of AUD/USD might fall down to the fair price level.
    The forex price of AUD/USD was maintained at around 1.0100 early in the Asia forex market on Thursday (February 10) and got an adjustment there. In the previous night in the off shore market this forex price was maintained at 1.0080-1.0140 and got an adjustment at this trading range.
    Some forex analyst pointed out the growth momentum of the forex price of AUD/USD reduced because of the affection of the natural calamities in the domestic market as well as the appreciation action in China. If the employment result in January turned out to be worse later in the forex market, this forex price would suffer pressure and went down.
    This forex analyst pointed out so far the support point for the forex price of AUD/USD at bottom was at 1.0080-90, and if it went down to below that point this forex price would go down further to 0.9980-1.0000.
    The forex price of AUD/USD was at 1.0105/10 at 08:17 Beijing time.
    Edited by Laura in Ikon Group.
     
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