Recommendations on pair AUD/USD from Charmer Charts

Market news

15 February 2012

Recommendations on pair AUD/USD from Charmer Charts

Although the good momentum in the cross, C.Harmer, analyst at Charmer Charts, remarks that “remains looking under pressure and we do still look for weakness down to minimum target of 1.0620 possible 1.0570 over the next few sessions”. At the same time, she added that further downside beyond 1.0570 would bring 1.0480 in the longer term.

Eurozone: Trade Balance s.a., December 9.7 (forecast 4.9)

United Kingdom: Average Earnings, 3m/y , January +2.0% (forecast +1.8%)

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