AUDUSD and Dow Clear Resistance Post NFPs, EURUSD Anchored
AUDUSD and Dow Clear Resistance Post NFPs, EURUSD Anchored
The breakout potential heading into this past week didn't disappoint. With an NFPs figures to focus speculative interests, the swell in volatility fell in line with the prevailing trend and led the Dow Jones Industrial Aaverage to its highest close in years while AUDUSD overtook the tentative 1.0750 triple top. Yet again, we were left with the same dubious assessment of follow through however with a glance as volume figures; but the real surprise came from the Euro. Despite the shared currency's strong ties to risk trends recently, the euro suffered a significant decline on renewed concerns for the Greece rescue effort. This should make for an exciting market to trade in next week...
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