Monday, June 15, 2009

Calyon recommends selling a pair AUD / USD

Calyon currency strategists recommend selling a pair AUD / USD with the aim of 0.7520 and a stop-loss at 0.8267 (the stop is now at 0.8009). Relative economic stability has supported the Australian dollar, however, believed in us, strengthening the currency, too, if you consider it for a change in interest rates. Thus, in the next couple weeks may decrease AUD / USD. At Calyon also added that the rise in commodity prices also contributed to the rapid strengthening of the Australian dollar, a large number of long positions can be a barrier to further growth.

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