Archived IMT (2009.03.10)

Rising global and the absence of major US data is likely to present prolonged advances in AUD and NOK, especially as these have outperformed G10 FX since Monday. AUDJPY, AUDCAD and AUDUSD rest on a technically bullish foundation, calling up 64.00, 83.80 and 64.90. This week's Aussie jobs report may provide source of event-risk but the fact that the currency has shown limited losses during risk aversion offers significant upside during risk-neutral environment.