RahmanSL
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Anybody can offer some insights into possible directions of AUD/USD and GBP/USD for coming week??
The AUD/USD has hit all time high of 1.09774 last Friday, retraced down to 1.09584, made another attempt back up hitting 1.09727, retrace somewhat and then, just before market closing, seems poised for another upthrust.
GBP/USD seems to match 2009 charts and is looking to retrace back down just before market closing.
I am quite confuse as I thought the USD isn't supposed to be that 'hot".
Any sort of explanations on the above currencies would be highly appreciated as I am now preparing my trading strategies for coming week.
The AUD/USD has hit all time high of 1.09774 last Friday, retraced down to 1.09584, made another attempt back up hitting 1.09727, retrace somewhat and then, just before market closing, seems poised for another upthrust.
GBP/USD seems to match 2009 charts and is looking to retrace back down just before market closing.
I am quite confuse as I thought the USD isn't supposed to be that 'hot".
Any sort of explanations on the above currencies would be highly appreciated as I am now preparing my trading strategies for coming week.