AUDUSD Analysis – February 23, 2013
AUDUSD’s fall from 1.0597 extends to as low as 1.0220. Key resistance is at 1.0400, as long as this level holds, another fall is possible next week, and next target would be at 1.0000.
Tag: AUDUSD
AUD/USD Forecast February 25, 2013, Technical Analysis
The AUD/USD pair rose again during the session on Friday, as the consolidation between 1.02 and 1.0370 continues. Within this chart, it’s hard to think that we will breakout as the 1.04 level looks so resistive.
AUD/USD Forecast February 22, 2013, Technical Analysis
The AUD/USD pair went back and forth during the session on Thursday, but in the end formed a relatively neutral candle. In fact, you could almost call it a hammer, which we of course will treat as...
GFM Research Daily FX Report, Feb 22, 2013
Market Commentary The US Dollar continued appreciating on the event of the most of the asset classes succumbed to selling pressure. The Dollar Index (DX) is consistently trading above the critical resistance of 81.20 ranges and is...
AUD/USD Forecast February 21, 2013, Technical Analysis
The AUD/USD pair fell hard during the session on Wednesday as commodities got hit across the board. The Federal Reserve released its minutes from the last month during the session on Wednesday, and as a result people...
AUD/USD Forecast February 20, 2013, Technical Analysis
The AUD/USD pair had a strong showing on Tuesday, after the RBA minutes came out suggesting that the Aussie economy was doing a little better than anticipated. However, we still see a significant barrier of resistance just...
GFM Research FX Daily Report, Feb 20, 2013
Market Commentary The US Dollar traded mixed wherein it has depreciated against the Euro and the Aussie but continued to appreciate against the Sterling and the Japanese Yen. Dollar Index (DX) finds resistance near 81.00 ranges; further...
GFM Research FX Daily Report, Feb 19, 2013
Market Commentary With most of the asset classes trading flat, the Dollar Index (DX) is trading flat at 80.75 with positive bias; next leg of Dollar weakness is expected only on DX consistently trading below 78.80 ranges...
GFM Research FX Daily Report, Feb 18, 2013
Market Commentary The Dollar Index (DX) is trading strong at 80.70 ranges resulting in most of the asset classes depreciating or forcing them to in narrow ranges at their respective resistances; next leg of Dollar weakness is...
AUDUSD Analysis – February 16, 2013
AUDUSD remains in downtrend from 1.0597, the rise from 1.0226 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.0100 area.