Ikon forex "AUD/USD is expected to surge up and might come back to above 1.0205" - Forex Forum

laura · #1 (**permalink**) 4th January 2011, 03:58

A senior forex strategist Richard Ross in an oversea institution Auerbach Grayson said on Tuesday, technically speaking, the forex price of AUD/USD is expected to maintain the surging trend of 2010.

Ross claimed so far the general trend of the forex market is tent to be preferable and is going up, what it more the weak USD as well as strong performance of commodity prices all supported the forex price of AUD/USD to reach above 1.0200, which was the highest level since 1983.

Ross predicted that the forex price of AUD/USD might got back to above 1.0205 again and in the previous night in the New York forex trading session the highest point this forex price had reached was at 1.0211.

The forex price of AUD/USD was reported at 1.0155/58 at 07:48 Beijing time.

Edited by Laura in Ikon Group.

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