SubscribeDaily Forex Commentary for June 9, 2009
June 8th, 2009 • Related • Filed Under
June 9, 2009
A Time to Consider Technical Factors
The lack of major economic reports encouraged Forex investors to take a look at the technical factors and a few of the news stories on Monday.
Last week the EUR USD, GBP USD, USD CHF, NZD USD, USD CAD and AUD USD all posted weekly closing price reversals. In the cases of the Euro, Pound, Australian and New Zealand Dollar, the chart pattern was a reversal top. The Canadian Dollar and Swiss Franc produced closing price reversal bottoms.
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