Kamis, 28 Juni 2012

AUD/USD rallies with risk sentiment

AUD/USD rallies with risk sentiment

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AUD/USD rallies with risk sentiment

FITITOL--> FXstreet.com (San Francisco) - The Australian dollar has rallied to fresh 6-day highs along with Asian equities on a strong bout of risk tolerance after European Union leaders announced plans for a single financial supervisor and other measures to shore up the markets there.

AUD/USD turned from operating in consolidation mode to shoot sharply higher Friday, reaching as high as 1.0170 from an earlier session low of 1.0018, last at 1.0145 vs. 1.0043, up 1% on the day. Resistance is noted at 1.0222 (20 June high), with support at 1.0123 (intraday).

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