The Wild Card AUD/USD 30 Sep 2009

The Wild Card AUD/USD 30 Sep 2009
Wednesday, 30 Sep 2009
The USD Remains Pressured on U.S Interest Rate Prospects

The U.S. currency may be headed for a quarterly decline against 14 of 16 major counterparts before report this week forecast to show American employers cut fewer jobs, boosting demand for higher-yielding assets. Although the greenback posted small gains against major rivals Tuesday, edging higher on the Japanese currency, the currency may reverse its earlier gains on speculation a Federal Reserve official will reiterate today that record-low Interest Rates will be unchanged for an extended period.

The Wild Card
AUD/USD

The price of this pair currently floats in the over-bought territory of the 30 min. chart's RSI, indicating a downward pressure ... read more