As anticipated by Omicron Forex, the AUSUSD pair has convincingly dropped through the well defined support level around 1.015. On this occasion it is the second element of the pair or the quote currency, the US dollar, that is the driver of sentiment. The greenback has been on fire relative to the Japanese Yen for a little while now, ever since a new political will has emerged in Japan to weaken the Yen:
Friday, May 10, 2013
There she goes. As anticipated, AUDUSD breaks through support
As anticipated by Omicron Forex, the AUSUSD pair has convincingly dropped through the well defined support level around 1.015. On this occasion it is the second element of the pair or the quote currency, the US dollar, that is the driver of sentiment. The greenback has been on fire relative to the Japanese Yen for a little while now, ever since a new political will has emerged in Japan to weaken the Yen:
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