12-04-2010 Forex forecast on AUDCAD review AUDUSD GOLD

*Remember, in the long term: We are bullish on Gold and bearish on AUDUSD as the US monetary policy normalize (raise interest rates) and the RBA stabilize it's interest rate.

AUDCAD: Target: .9470 Support: .9220Resistance: .95 and .9620
For the next week we still expect the federal reserve to raise it's discount rate so the spread between the discount rate and the fed funds rate would go back to 1%, back to normal (before the quantitative easing) to further normalise it's monetary policy.