Check out this week's Pairs in Focus- Forex Trading
week in a row, we have seen the sellers come in and push the Aussie down. In other words, this remains a “fade the rally” type of market until something drastically changes. The 50-Week EMA sits just above the 0.68 level, which is where the resistance barrier currently resides. Because of this, I think it’s going to be even more difficult to get above there, therefore I like the idea of shorting any signs of strength that we see. The 0.
90 level, then it’s likely that the Swiss franc gets hammered by the US dollar. That being said, based on the candlestick in the way that we drooped during the week, I think we are going to try to dig down toward the support which extends all the way down to the 0.88 level. We could spend some time consolidating between 0.88 and 0.90.markets have fallen a bit during the course of the trading week, as it looks like the $2000 level is going to be a bit too much in the spot market.
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