FXstreet.com (Barcelona) - According to Westpac strategist Sean Callow, "the 1.0490 – 1.0520 area remains strong resistance but we suspect it will give way at some point in Dec, albeit probably not for too long..."
Forex Flash: AUD/USD 1.0490-1.0520 to be broken, albeit not for long - Westpac
Thu, Dec 06 2012, 01:35 GMT | FXstreet.com
AUD/USD May 25 at 07:50 GMT
0.9672/78 (0.23%)
H0.9675 L 0.9648
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
