Pair Expectation, target value – maximum or minimum for the day


AUDUSD up, target: 0.7310


EURUSD down, target: 1.0930


USDCAD down, target: 1.3400


GBPUSD down, target: 1.4200


USDJPY down, target: 111.80


USDNOK down, target: 8.300


Consumer Confidence Index for the US economy is due for release this coming Tuesday. The data might lead to high volatility in the stock market. Provided that the numbers are weaker than expected, the stock market might go up on anticipations of new round of QE program or another form of monetary easing. In this case, the US dollar could go down against high yielding currencies – AUD and NZD.
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