Currencies to Keep on Your Radar
There's never a dull moment in the world of currencies. Sure, most of the attention has been focused on the euro lately, and rightly so. But, since the euro has paused as we await the latest news on the Greek bailout, we've seen spectacular action in the Australian dollar and intriguing moves in the Japanese yen. As usual, the charts tell the story.
The Australian dollar-U.S. dollar pairing has made a spectacular run to $1.08, but watch out -- Aussie is right in the teeth of major resistance, and has failed in this area twice before, in September and October (shaded on the chart below). Pullbacks to the 10-day moving average (blue line) have been successful since the beginning of the year, but caution is warranted due to that resistance level....569 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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