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News » USDJPY AUDUSD
USDJPY AUDUSD
Dec 23 2009, 11:50
USDJPY:

Liberally, there was no dramatic change in USD/JPY standings. Prices are limited to a descending-curve channel built from the top in 2007 bouncing higher after a test of support in the 84.21-87.09 areas, the major bottom way back to 1995. Indications of a bullish rally continue as RSI indicates positive deviation, but whether this is going to loosen the existing downward-trend is still vague. It’s wise to stay neutral for the moment, seeking for an additional indication in the imminent days and weeks.

AUDUSD:

The weak AUD/USD reverse looks ready to pick up the pace, with prices taking out support at a slight dropping channel set from November’s swing high. The pair momentarily went back over to re-test the channel’s lower border but a Bearish Engulfing pattern has at the moment surfaced indicating that downward momentum is set to go on.
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Interview
with Matthew Sheppard
Senior Forex
Advisor at XForex


1. What is your name and position?
Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

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In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

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