Intraday Market Thoughts

Archived IMT (2010.11.26)

by Ashraf Laidi
Nov 26, 2010 2:01

AUDUSD FALLS IN SUBMISSION TO THE Head & Shoulder first mentioned on Tuesday. 0.9620 and 0.9550s are the next key targets, If ( I said IF) the PBOC does raise rates today (any rate hike would be announced around 10:30 am GMT), Aussie would be among the big victims as was the case on Oct 19. But even if there's no China rate hike, Aussie technicals are going from bad to worse in the daily and weekly chart And the KOREA STORY is certainly not helping. Meanwhile USDCHF breaks further out of parity.


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