FXstreet.com (Barcelona) - In a research note ahead of the London session the FX Strategy Team at Westpac, reminds clients the current wait and see mode by the Fed, which if paired with "growing risks of upside surprises in US data and reliable safe haven status, underpin DXY on any dips towards 81" the Team says. Looking at AUD/USD, potential disappointment to EU summit make them think bounces to near 1.02 are opportunities to short, "eyeing 0.9850/0.9900." Meanwhile, Westpac remains short AUD/NZD from 1.2905, target 1.2600 while they are square EUR/USD, waiting to sell any rally to 1.2750.
Forex Flash: Favouring further upside on the Greenback - Westpac
Tue, Jun 26 2012, 04:57 GMT | FXstreet.com
EUR/USD Jun 20 at 11:05 GMT
1.3200/08 (-0.68%)
H1.3303 L 1.3181
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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.
