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Excerpt from:  Forex Analysis
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January 08, 2008

Forex Trading Strategy: Australian Dollar

Aussie in currency trading on the FX market
The Aussie is expected to continue to gain in currency trading on the FX market. Forex trading strategy involving the Australian dollar should consider that it is supported by gains by commodities, as well as the carry trade due to Australia's high yield. The Australian reports on the Aussie in currency trading:

Also helping the Australian dollar was a moderate Japanese return to the US and euro via yen carry trades.

The flows pushed the Australian currency up against lower-yielding currencies such as the yen and US dollar.

Short-term resistance for the $A is now about US88c, with a second level near US88.5c.

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PermalinkForex Trading with the Australian Dollar
.Currency trading on the FX market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  Aussie currency trading, Australian dollar, commodities, currency trading, forex trading, forex trading Australian dollar, forex trading strategy, FX market
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