Saturday, February 23, 2013

The Aussie Took A Fresh Catalyst

Aussie Butuh Katalis Segar

Monexnews-start their first day of trading this week, currencies of AUD/USD opened weakened. The weakening of the currency exchange rates occurring after the G20 Summit held in Moscow last weekend. Towards the close of the Asian market (15/02), the Aussie was at 1.0296, above the low level 3 days at 1.0278. Finance Ministers of Australia, Wayne Swan on a weekend to talk about the pressure that occurs at the AUD which aired on CNBC, said Eamonn Sheridan from ForexLive. In that occasion, Swan said his views about the bearish pressure Aussie.

"AUD/USD focus toward weakening," explained analyst CMT and, That Fan. Last week the low level on the Exchange, with the support level 1.0226 at 1.0150-1.0170, according to analysts. "If currency broke above levels channel, mala level needed to neutralize 1.0380 outlook bearish." So far the currency movement back creeping into the closing level last week, in the range of 1.0300.

Resistance Level at 1.0317 (low level 13 Feb), 1.0326 (low level 14 Feb), 1.0361 (high Feb. 13 level). While the support level at 1.0278, 1.0262 (low level 11 Feb), and 1.0226 (low level 12 Feb).


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Title Post: The Aussie Took A Fresh Catalyst
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Author: Mohammad Zulfi Satriawan

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