Risk of currency today, continued to recover losses incurred in the course of the fall in the wake of a fixed profit investors in the second half of last week, particularly in the added cost and Australian dollar, which has now established a new maximum session at $ 0.7996. Ofer, in up to $ 0.8005 barrier to remain higher, and dealers noted that the vicinity of the figure passes and short-term line of resistance. Breakthrough above will signal an improvement in attitude against the Australian currency and will count on a return to $ 0.8100/20, followed by the peak of this year, but foreign exchange strategists Bank of Tokyo - Mitsubishi UFG advised bulls not deceive ourselves. The bank did not rule out attempts at new growth, but believe that he will soon give way to a rather active fall. BTMU strategists pay attention to the fact that the Australian currency remains very dependent on commodity prices and the recent decline in prices for iron ore and coal by Australian companies has led to a marked deterioration in the trade balance. In addition, the bank is advised to be careful about the positive signals of economic data and talk about the green germ in the economy and see the risks of weakening the positive feelings that can support the return of AUD / USD to levels near $ 0.70.
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