Assesig the AUD/USD, which is currently breaking through a key technical support at 0.9850, the FX Strategy Team at Westpac notes: "We seem to be far enough from a resolution to the Greek crisis keeping AUD/USD under pressure near term, so we maintain our sell bias on the week, eyeing the low 0.98s."
Thursday, 17 May 2012
AUD-USD Asian session outlook may 18 2012
forex trading outlook today - AUD-USD Asian session outlook may 18 2012 : AUD/USD is getting pounded again through the Asian session following soft Chinese new house prices, Beijing new home prices in April were down 1.0% from a year ago, vs -0.8% in March, with new home prices down in 43 out of 70 cities surveyed.
Assesig the AUD/USD, which is currently breaking through a key technical support at 0.9850, the FX Strategy Team at Westpac notes: "We seem to be far enough from a resolution to the Greek crisis keeping AUD/USD under pressure near term, so we maintain our sell bias on the week, eyeing the low 0.98s."
Assesig the AUD/USD, which is currently breaking through a key technical support at 0.9850, the FX Strategy Team at Westpac notes: "We seem to be far enough from a resolution to the Greek crisis keeping AUD/USD under pressure near term, so we maintain our sell bias on the week, eyeing the low 0.98s."
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