Intraday Market Thoughts

Archived IMT (2009.04.17)

by Ashraf Laidi
Apr 17, 2009 16:02

Cable will likely retest $1.4770 for a break below $1.4700 onto $1.4620 as bottom of the the upward channel from the March 11 low looms. More GBP losses next week ahead of the Budget. EURUSD has already hit the $1.3030 target from latest Hot-Chart. Aussie's relative strength is underlined by its limited declines during falling stocks.


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