Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account


Australian Dollar Collapses Below .7500

By Sam Shenker
16 December 2005 11:25 GMT
However given the sharpness of the latest correction short-term traders should expect a pullback toward the .7516, a level established by the 50.0 Fib of the .7798-.7267 USD rally. Indicators are favoring the Aussie longs with both momentum indicator and positive MACD above the zero line, while overbought Stochastic gives the US dollar traders a chance to further retrace the Aussie rally.

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

16 December 2005 11:25 GMT