30 Jun 2014
AUD/USD: Carry trade favours Aussie - FXStreet
FXStreet (Bali) - Valeria Bednarik, Chief Analyst at FXStreet, notes that the Aussie continues to find favor in carry trade, keeping the rate above the 0.9400 figure.
Key Quotes
"The hourly chart shows a mild positive tone with indicators barely crossing their midlines and price right above its 20 SMA, albeit buyers surging on dips over the last few days support the upside."
"In the 4 hours chart the pair presents also a mild positive tone, yet only a break above 0.9460 this year high, will confirm more gains for the pair on the upcoming days."
Key Quotes
"The hourly chart shows a mild positive tone with indicators barely crossing their midlines and price right above its 20 SMA, albeit buyers surging on dips over the last few days support the upside."
"In the 4 hours chart the pair presents also a mild positive tone, yet only a break above 0.9460 this year high, will confirm more gains for the pair on the upcoming days."