Fundamental Forecast for Australian Dollar

The Australian Dollar broke out of the downward trending channel from the January high (0.9331) as the economic docket reinforced an improved outlook for the region, and we may see the exchange rate hold a broad range over the following week as investors weigh the outlook for future policy. The Reserve Bank of Australia is scheduled to release its minutes from the policy meeting earlier this month, and the central bank is likely to maintain a neutral stance over the coming months following the record pace of rate hikes during the fourth-quarter of 2009.

for more click here....