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Forex Trading Day Review – June 12, 2015

  • USD headed lower following two major economic news events released early in the US session, and after hitting a major resistance level yesterday.
  • AUD has been range bound all week ahead of Monday’s AUD Monetary Policy Meeting Minutes release
  • NZD continued to drop lower for the second consecutive day following the RBNZ’s cash rate cut to 3.25%
  • Made new monthly highs:  EURNZD, GBPJPY, GBPNZD, GBPUSD,
  • Made new monthly lows:  NZDCAD, NZDCHF, NZDJPY, NZDUSD
  • There are no major economic news events scheduled for this weekend.
  • On Monday, there will be an all day G8 meeting and major news reports potentially impacting CAD and USD.