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Gav's trading blog - Perseverance, Consistency, Confidence

Chart of interest: AUD/USD 24-September 2007

by Gav

We had a strong week for Aussie. We are likely to test 0.88 area again. But before that, I expect some pull backs before it continues its bullish run , or in other words, rebound of USD for the coming week. Let's see how it goes.

[photopress:audusd_daily24sep2007.gif,full,alignleft]

Comments

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  1. Tony Chai
    Hi Trader Gav : Nice forex trading blog you have. With the US dollar hitting low again the Euro, do you think it will get worst if the Feds lower the interest rate in the next round of their Feds Meeting?
  2. Tony Chai
    Hi Trader Gav : Nice forex trading blog you have. With the US dollar hitting low again the Euro, do you think it will get worst if the Feds lower the interest rate in the next round of their Feds Meeting?
  3. Gav
    @Tony: Thanks for your comment. Well, I am very bad in giving market view and opinion. Personally, I am holding bearish view of USD now. Yes, I think we have not seen bottom yet.
  4. Gav
    @Tony: Thanks for your comment. Well, I am very bad in giving market view and opinion. Personally, I am holding bearish view of USD now. Yes, I think we have not seen bottom yet.

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