Wednesday, July 22, 2009

Australian dollar may be adjusted below

The Australian currency continued to benefit from the location of the bulls, but the last few days attempting to increase above $ 0.8190/00 greeted with a very fierce response, and dealers noted that in the ranks of buyers were visible signs of anxiety, which, in the absence of progress in an upward movement in the near future, may result in a record profit on long positions accumulated over the past few days. A similar view, however, adhere to and currency strategists Societe Generale, who see the risks weakening optimistic mood among investors, and are advised to use the attempted growth of the Australian dollar to $ 0.8185 for the opening short position with the foot at the close of the day above. AUD / USD is currently trading around $ 0.8145, testing bidy around $ 0.8140/35 and the break below will open the way to further reduce to $ 0.8105 and then to $ 0.8085/80. Ofer is now seen around $ 0.8165/70 and around $ 0.8190/00.

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