Saturday, March 6, 2010
Amazing Photos of China
The Aussie dollar has been well supported this session, aided by Golds resilience above $1130. The high-yielding currency benefited from a broad move to risky asset as markets ended the week far more bullish than they began. An improvement in the economic balance of both Europe and US has firmed market confidence and stamped a buy signal onto the riskier asset classes.
AUD/USD currently trades at 0.9076, just off five week highs 0.9091 flirted with earlier in session. For an excellent analysis of the key signals for this pair, with the annotated charts for guidance, please see this detailed report by CMS Forex.