USD Weakened While JPY Gained Little Strength As Expected
Forex Watchers | Oct 21, 2014 12:35AM ET
Good morning. Hope all is well! Again a good forecast with us being on the right direction, however on some instances markets never reached our supply/demand zones as they were very strong. Only EUR/USD, EUR/JPY and NZD/USD touched our zones while all pairs behaved as predicted. The US dollar had weakened while Japanese yen gained a little strength as expected. Today also we only have one fundamental news item coming out that could affect the Australian dollar. Through the course of the day we could see a strong US dollar and Japanese yen. Adding two hedged pair to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.27757 and 1.27539.
Fundamental Watch
– Monetary Policy Meeting Minutes
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