Tuesday, February 16, 2010

ANZ expects growth in dollar

Upward movement of U.S. currency in recent days, several stalled, but a currency strategist with ANZ Bank believe that talk about the fact that the potential upward movement has been exhausted, not worth it, and attempts to reduce the use for purchases. The index shows the dollar has consolidated below recent highs of 80.68/74, and while the bank did not rule out some adjustment, they draw attention to the fact that 55 and 200-day moving averages are close to forming bullish cross. In addition, the dollar remains in an uptrend, and the ANZ Bank will calculate its development towards resistance at 82.66 points.

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