Tuesday, November 3, 2009

Barclays Capital maintains upward forecast for AUD / USD above 0.8860

A pair AUD / USD has reached the daily low of 0.8917, however, until the couple is held above the support trend line, which passes near 0.8860, analysts at Barclays Capital are inclined to believe that the pair forms the basis. According to currency strategists bank restoration pair above 0.9140 will signal resumption of the bullish trend with the prospect of growth to a level of 0.95. Breakthrough support at 0.8860 will be a refutation of the ascending projection and opens the way to reduce the pair to the 60-day moving average at 0.8720. At the moment pair AUD / USD traded at 0.8944.

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