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25 Mar 2013
Forex: AUD/USD falls from 1.0480 on NY session
FXstreet.com (Barcelona) - The AUD/USD climbed the chart slowly during Asian time and gave a stronger push during the Euro-pean shift, peaking at 1.0478, with resistance at 1.0480 blocking further gains. After touching 1.0480 at 14:00 GMT, the cross started to erase its gains, approaching 1.0445. The market is currently trading at 1.0454.
The Italian daily Corriere della Sera reported rumors of a downgrade to Italy’s rating from Moody’s to take place later today, after the close.
From 2.2 in February, Dallas Fed Manufacturing Business Index rose to 7.4 in March. The US Chicago Fed Activity Index moved from negative territory at -0.49 (revised from -0.32) in February to 0.44.
Roboforex.com analysts were counting on a rise to 1.0465 first, followed by a correction to 1.0410 and then a new upside at 1.0480. “This may be the end of this wave. Later, in our opinion, the pair may start forming a reversal pattern to continue moving downwards”, wrote analyst Igor Sayadov.
The Italian daily Corriere della Sera reported rumors of a downgrade to Italy’s rating from Moody’s to take place later today, after the close.
From 2.2 in February, Dallas Fed Manufacturing Business Index rose to 7.4 in March. The US Chicago Fed Activity Index moved from negative territory at -0.49 (revised from -0.32) in February to 0.44.
Roboforex.com analysts were counting on a rise to 1.0465 first, followed by a correction to 1.0410 and then a new upside at 1.0480. “This may be the end of this wave. Later, in our opinion, the pair may start forming a reversal pattern to continue moving downwards”, wrote analyst Igor Sayadov.