Hello traders! The FX market has seen some powerful moves over the past few days especially on Aud/Usd, which reached new highs around 1.0300.
Well, Australian dollar has also strengthened against the other currencies as well, such as Eur per example, since Eur/Usd remained trapped in 220 pip range. The Eur/Aud lost 700 pips in the last few days, but the analysis suggests that pair is headed much lower in 2011, with impulsive formation, potentially even down to 1.2900, 2010 lows.
Click on the video below and see our detailed analysis for Eur/Aud, and also for Eur/Cad, Gbp/Jpy and Eur/Gbp”¦.
Guest post by Gregor Horvat