USD Trading Outlook (27-09-2013)
It’s been another very quiet 24 hours in the FX market. The Yen fell on more stimulus talk and the GBP had some brief volatility around the UK GDP data but otherwise it’s been very quiet. The AUD/USD continues to stall just above the previous resistance levels between .9315/50 and this level is again looking pivotal. End-of-month flows tend to favour the USD across the board and with Friday usually a ‘risk-off’ day, we could see some downside pressure on the AUD/USD.
Back to Currencies Archive
