Interests Rates Announcements Expected from the U.S, U.K and Euro-Zone this Week

November 2, 2009 by ForexYard  
Filed under Daily Forex Analysis

GBP/AUD:

There is still a bearish configuration on the 4H chart, indicating that the momentum is still down. The RSI is floating around 50, which supports the notion that there is still room to run. In the shorter time frame there is a bullish cross forming on the hourleis Slow Stochastic indicates that there might be a small bullish correction before the bearish move resumes. Forex traders can maximize profits by selling on highs and taking advantage of a currently bearish trend

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