EUR/USD Reaches 1.2900 Following Better Than Expected Non-Farm Payrolls Results
September 6, 2010 by ForexYard
Filed under Daily Forex Analysis
AUD/USD:
The Relative Strength Index on the daily chart is showing the pair trading well in overbought territory, indicating a downward correction could occur in the near future. This theory is supported by the Williams Percent Range, also on the daily chart, which is currently at the -5 mark. Forex traders may want to go short with tight stops in their positions today, as a downward correction will likely take place.
