AUD / USD: Australian Dollar overcome a mark 1.0500

Market news

2 January 2013

AUD / USD: Australian Dollar overcome a mark 1.0500

AUD / USD started 2013 strong rally after being bumped into downtrend line at 1.0585 2011-12 in December.

Couple broke up trend, but 1.0613/24 resistance area (highs in August and September) can continue to constrain growth.

At the moment the exchange rate AUD / USD traded at 1.0512

U.S.: ISM Manufacturing, December 50.7 (forecast 50.2)

US Stocks open: Dow 13,309.59 +205.45 +1.57%, Nasdaq 3,094.85 +75.34 +2.50%, S&P 1,450.97 +24.78 +1.74%

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