59 position....that's good :)
Be careful of CAD & AUD coz 45% of 35 analysts from world leading banks and broker companies and forecasts based on different methods of technical and graphical analysis have them on a downward trend.....BUT, a lot of times, these 'Analyst' people have got it wrong 😝
Do you mean long-term or short-term?
I personally think the AUD/USD will see more downside of between 0.70 to 0.71 this year before a larger upside correction will start. Maybe these analysts look at a longer term view - who knows what goes on in their mind. Short-term (very short-term - maybe this month), I won't be surprized if the AUD/USD tests 0.76 again.... All really depends what happens with Greece and data from the US... I'm more of a technical trader, so I'm no expert on fundamentals...
– the forecast for EURUSD remains the same – downwards trying to reach 1.0000 at least by the end of April. This week the pair may fall to around 1.0600-1.0750 where it will stabilize for some time;
– almost the same can be expected from the British Pound – most analysts predict GBPUSD would fall to 1.4700;
– as for USD/JPY, the forecasts of the analysts and of the indicators are contradictory. Yet, the pair is very likely to be in a bullish trend and try to conquer 120.50;
– just like last week, the USDCHF chart may resemble that one of USD/JPY. In any case, all analysts expect USDCHF to return to 1.0000. However, the forecast for this week is a bit more modest – a rise to 0.9750 or somewhat higher to 0.9800.