Currencies  |  March 15, 2013 06:47:57

Australian dollar on a swing

Australian Dollar on Thursday after the publication of data on Australian unemployment jumped over the clock on all currency pairs related to it for more than a hundred pips. It is a typical example of euphoria in the market, which assumed something else. Very favorable numbers are transformed into an immediate purchase of the Australian dollar and the price soared. When volatility is high, the rate in one day get back to the level of trading on Wednesday. The 15-minute chart of the currency pair AUD / CAD is to see how the course in three waves fell back to the S / R level 1.0600.

Today, the macroeconomic data, not expected from Australia or from Canada, so the trade should be the last day of the week and only quieter profit taking can bring rocking rate.

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