PT Equityworld – The drop in the US dollar value of all trades in the forex market late Asian session (30/12), provided more flexibility for the aussie rally continued for 2 consecutive days. In addition to the weakening US dollar, commodity currencies have benefited from rising commodity prices the past few days khsususnya price of gold and crude oil prices.
Crude oil prices moving strongly despite being depressed by crude oil supply data for the United States reported increases in oil supplies last week exceeded the previous week. Furthermore the price of gold also succeeded long rally responds to the drop in the US dollar.
Australian dollar exchange rate movements of the Asian session (02:15:45 GMT) moved higher against the US dollar, after opening lower at 0.7220 earlier in the Asian session (0000 GMT), the Australian dollar exchange rate is now rolling on the position of 0.7235.
For subsequent trade to the American trading session this evening, Vibiz Research Center analyst estimates AUDUSD pair will continue to rise towards 0.7259-0.7284 range. But if there is a correction going down towards the 0.7195-0.7164 range.
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