Tuesday, August 18, 2009

Barclays Capital expects the consolidation of AUD / USD

According to analysts Barclays Capital, a pair of ascending trend AUD / USD fading, as well as the many other risky currencies. However, note in the bank, fall below a pair of recent minimum 0.8170 has not led to the development of downward movement. The bank believes that this is a signal to a consolidation before the AUD / USD once again try to start the reduction. Short-term resistance in a pair of passes at the level of 0.8330. While the AUD / USD is kept below this level might decline to support 0.8155/25, the breakthrough that the field will open the way to a level of 0.78. Now a pair AUD / USD traded at 0.8247.

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