In three and a half hours, Ben bernanke speaks to try and indicate the size of QE2. As economists try and read into his speech the Aussie dollar will pull back slightly. Maybe around the .9925 area or .9955 area. Depends where it is at the time. With current strength it may move back as far as .9917 before heading back up.
The Aussie is currently over bought on the RSI and keeping steady.
My MA indicators on the 15min chart have touched and about to cross over in a downward direction, showing that the current move is cooling off.
Let us see how it plays out.
The Aussie is currently over bought on the RSI and keeping steady.
My MA indicators on the 15min chart have touched and about to cross over in a downward direction, showing that the current move is cooling off.
Let us see how it plays out.