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Thursday, July 19, 2012

USD index lower tip on RBA policy poised for correction, AUD to mark

19 July 2012 15: 55 GMT USD_Index_Poised_For_Correction_AUD_To_Mark_Lower_Top_On_RBA_Policy_body_ScreenShot066.png, USD Index Poised For Correction, AUD To Mark Lower Top On RBA Policy although the Dow Jones FXCM US dollar index (ticker: USDollar) 0.17% remains lower open, we may look at the rebound of 10.036 speed gain, in the next 24-hours trading as the 30-minute relative strength oversold index territory back jumps. In fact that whole series of gloomy developments from the world's largest economy seems will weigh on market sentiment, and see we perhaps currency traders continue to their risk-taking back when headlines from Europe fears fuel for scale infection. The EU is fighting to curb the increase in borrowing costs in Spain, the continued turmoil in the eurozone can continue to SAP investor confidence and perhaps we provide a flight to safety in the days when the group maintains a reactionary approach in dealing with the debt crisis emerge. USD_Index_Poised_For_Correction_AUD_To_Mark_Lower_Top_On_RBA_Policy_body_ScreenShot067.png, USD Index Poised For Correction, AUD To Mark Lower Top On RBA PolicyAre planned as euro-zone finance ministers, Spain EUR bailout discuss 100B today Germany is likely to vote in favor of the extraordinary action and movement can support risk-taking behavior, as it reduces the ongoing turmoil in the financial system. The development can however fail to encourage a meaningful rally in risk, as the new initiative does little to the cause of the debt crisis, and we should see that the European Central Bank will continue to go on its easing cycle than the Governments under the fixed exchange rate more and more on financial support instructs you. Although the USDOLLAR not up keep up trending channel within the wider trend, we will remain optimistic for our forecast, as long as it keeps the June low (10.025) above. The relative strength index, the upward trend of this year claiming that we should how a rebound get to the end of the week, and we are looking for dips in the greenback to buy, as risk sentiment pointed running seems to be way.
USD_Index_Poised_For_Correction_AUD_To_Mark_Lower_Top_On_RBA_Policy_body_ScreenShot067.png, USD Index Poised For Correction, AUD To Mark Lower Top On RBA PolicyThree of the four components advanced against the greenback, led by a 0.57 per cent rally in the Australian dollar, but the bull market dynamics in the AUDUSD might be an end approaches, while the relative strength index overbought territory approaches. The fundamental Outlook for the economy of Australia is generally expected $1T continue to throw a bearish Outlook for the Aussie dollar, such as the Reserve Bank to deliver further interest rate cuts in the coming months and the Central Bank a leader to hit continue to sound for the monetary policy should, as the slowdown in China - Australia's largest trading partner - puts a damper on the prospects for economic growth. In turn, we seek the short-term rally in the AUDUSD fade, and we would have to keep see the pair below the high April (1.0473), to maintain our bearish forecast.

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