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The Wild Card AUD/USD 30 Sep 2009

Discussion in 'Major Currency Crosses' started by forexqs.blogspot.com, Sep 30, 2009.

  1. forexqs.blogspot.com

    Aug 20, 2009
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    The Wild Card AUD/USD 30 Sep 2009
    Wednesday, 30 Sep 2009
    The USD Remains Pressured on U.S Interest Rate Prospects

    The U.S. currency may be headed for a quarterly decline against 14 of 16 major counterparts before report this week forecast to show American employers cut fewer jobs, boosting demand for higher-yielding assets. Although the greenback posted small gains against major rivals Tuesday, edging higher on the Japanese currency, the currency may reverse its earlier gains on speculation a Federal Reserve official will reiterate today that record-low Interest Rates will be unchanged for an extended period.

    The Wild Card

    The price of this pair currently floats in the over-bought territory of the 30 min. chart's RSI, indicating a downward pressure ... read more

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