Fundamental Trading Analysis: The Australian Dollar Could Target Parity in 2013
The Reserve Bank of Australia has just cut interest rates by 25 basis points. The Australian dollar (AUDUSD) is overbought and could correct to 1.0340/1.0180 during the first months of 2013. EURUSD is contracting from the resistance at 1.3130. However, an increase to 1.33 is still possible this year. Central Bank Wants a Cheaper Australian Dollar Last week, the Reserve Bank of Australia (RBA) cut its policy rate by 25 basis points. Economic data confirmed that a peak in resource
