Thursday, 7 March 2013

EUR/AUD: Positive News, but trend is low

  • S&P upgraded Portuguese outlook to neutral
  • Aus trade data came in weak - cross little changed
  • Market expects dovish ECB tonight
  • Momentum studies , 5, 10 & 20 dma's trend lower
  • 100 dma @ 1.2614 is initial & 5 dma @ 1.2726 sup/res



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