Market Commentary The US Dollar traded mixed wherein it has traded weak against the Euro and the Aussie; continued to appreciate against the Japanese Yen and traded flat against the Cable. The Dollar Index is trading at...
AUDUSD breaks above 1.0585 previous high resistance, suggest that the uptrend from 1.0149 has resumed. Further rise could be expected and next target would be at 1.0700 area. Support is at 1.0470, only break below this level...
The AUD/USD pair tried to break above the 1.06 handle again on Friday, but failed just as it did on Thursday. After that, we solve quite a bit of a selloff, but recognize the fact that the...
The US dollar is set to recover some of its earlier losses versus the Australian currency this week, as investor sentiment turned sour from earlier released economic data. Chinese inflation was reported to have quickened more than...
The AUD/USD pair shot straight up during the Thursday session and towards the end of the day was burning a breakout of the 1.06 resistance level. If we can get above this level, we fully expect to...
The AUD/USD pair was fairly volatile during the Wednesday session as we continue to bounce around just above the 1.05 level. However, the markets essentially finish the day unchanged, and all things considered it was a bit...
The AUD/USD pair fell during the session on Tuesday as the 1.05 level proved a bit too rich at first. However, this level has offered support for the buyers, and we now are over it.
The AUD/USD pair fell during the session on Monday originally, but bounced back in order to form a hammer just under the 1.05 level. The 1.05 level continues to be important for this marketplace, and the fact...
AUDUSD has formed a cycle bottom at 1.0344 on daily chart. Further rise to test 1.0585 resistance would likely be seen, a break above this level will signal resumption of the uptrend from 1.0149, then next target...
The AUD/USD pair fell initially during the Friday session, but 1.04 offered plenty of support and as a result we bounced hard and close of the 1.0477 level. This candle is a massive hammer, and it does...
