| Global Interest Rates | |||
Australia |
3% | ||
Canada |
0.25% | ||
EMU |
1% | ||
Japan |
0.1% | ||
Swiss |
0.25% | ||
England |
0.5% | ||
US |
0.25% | ||
Further gyrations inside the range of 94.48-98.30 is in store and although weakness towards 95.87 (yesterday's low in Australia) cannot be ruled out, as long as support at 95.13 holds, upside bias remains a rebound to take place later, however, break of 97.76 is needed to signal another leg of upmove is under for re-test of 98.30.
On the downside, below support at 95.13 would risk another fall towards aforesaid lower range.