Australian and New Zealand
dollars rose today about 0.25% against the dollar. AUD/USD is approaching the
resistance level of 0.7400. Let's see if it is able to finish the week above
this significant level. If not, we expect it at the May lows in the area of 0.7329.
The Japanese currency is weakening. USD/JPY is now trading at 111.60 with a target to resistance level at 112.00. A breakthrough and a weekly close above this level could trigger a further upward correction to the area of 113.00/10.
Follow us on Facebook or Twitter
Real Trade Client Support