The AUD/USD pair initially broke through the 1.05 handle during the Thursday session, but got pushed back below it by the end of the day. The resulting candle is a little bit of a shooting star, and...
Market Commentary The Dollar Index continued appreciating after finding support at 79.00 ranges to currently trade at 80.75 with 81.20-81.50 acting as short term resistance. As against historic inverse correlation between the benchmark equity index of the...
The AUD/USD pair had a strong showing on Wednesday as the United States Congress seems to have come up with a solution to the so-called “fiscal cliff” debacle that has pushed markets around back and forth over...
Market Commentary The US Dollar traded mixed on the last day of 2012 wherein it has depreciated against the Cable and continued appreciating against the Yen and traded flat against the Euro, Swiss France and the Aussie....
The AUD/USD pair went back and forth during the Monday session as we continue to linger below the 1.04 level. This level is significant resistance, but we feel that the shape of the candle suggests that pressure...
AUDUSD is now in downtrend from 1.0585. Further decline would likely be seen next week, and next target would be at 1.0200 area. Key resistance is at 1.0585, only break above this level could signal resumption of...
The AUD/USD pair rallied during the session on Friday, but failed to break above the 1.04 level again. This area has been significant resistance previously, and support as well. This area continues to hold the market down,...
The AUD/USD pair had a back-and-forth session on Thursday as we continue to bounce around below the 1.04 handle. We are still above the 1.03 handle however, and as a result we are not bearish yet.
Market Commentary Amidst volatile session witnessed in the benchmark equity index of Dow Industrials (.DJIA) the Dollar Index (DX) ended flat after swinging between 79.89 and 79.42. The Dollar Index after finding support at 79.00 ranges is...
The AUD/USD pair fell slightly at the beginning of the Wednesday session, but bounced back in order to form a hammer above the 1.0350 level. Because of this, it does look like we are about to see...
