Monday, December 6, 2010

AUD-USD | USD-CAD Fundamental Analysis - 07 December 2010

Monday 07 December 2010 economic calender consist market components that might trigger the movement of the AUD-USD and USD-CAD pairs.

AUD-USD Fibonacci range from 100% to 0% provide a strong indication that the pair might be experiencing side-way trend in the long-term. The stability of Gold value in today's market should give the Australian Dollar strong backing to maintain its value even if the US dollar might be heading towards bullish trend against the Britain's Pound, Canadian Dollar, and Euro.

Residing at 0% Fibonacci line USD-CAD is signaling a big bullish trend waiting ahead for the long-term period.

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