Intraday Market Thoughts

Archived IMT (2009.03.20)

by Ashraf Laidi
Mar 20, 2009 15:46

The narrowing consolidation on the EURAUD chart (see new chart section on the site) reflects the thre broadening strength in both AUD and EUR as the former reaps the benefits of higher yielding rallies and accelerating gains in metals, while the latter acts as the anti-dollar. But the apparantly symmetric chart suggest gradually-negative bias (AUD positive), towards the 1.925 level.


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