Market Commentary The US Dollar continued to depreciate to hit critical support of 79.45 ranges on the event of most of the asset classes, especially the benchmark equity index of the Dow Industrials (.DJIA) trading strong, DJIA....
AUD/USD initially fell during the session on Tuesday, but found a ton of support at the 1.0475 level again in order to pop back and over the 1.05 level. It is at the 1.05 level that we...
The AUD/USD pair went back and forth during the Monday session, only to essentially go nowhere. This market looks very confused at the moment, and we do think of the 1.05 level is still the key to...
Market Commentary The US Dollar depreciated across the board on the event of most of the asset classes, especially the benchmark equity index of the Dow Industrials (.DJIA) trading strong. The Dollar Index is currently trading weak...
The AUD/USD pair rose during the majority of the session on Friday, but failed to gain any significant move let alone hold onto significant gains in order to impress upon the market the validity of a breakout.
Market Commentary The Dollar is trading flat at 80.50 after appreciating for continuous three sessions. Historic inverse correlation between our benchmark equity index of the Dow Industrials (.DJIA) and DX was not observed on Friday wherein DJIA...
AUDUSD’s upward movement from 1.0149 extends to as high as 1.0515. Further rise is still possible next week, and next target would be at 1.0550 area. Key support remains at the lower line of the price channel...
The AUD/USD pair spiked and managed to get above the 1.05 level during the Thursday session, but fell back down below it. This just signifies how resistive the area it really is, and as a result we...
Market CommentaryAfter trading consistently at the short term support of 79.70 ranges for couple of days, the Dollar Index found support at 79.70 to appreciate to 80.25 ranges. Historic inverse correlation between our benchmark equity index of...
The AUD/USD pair fell during the session as the 1.0475 level continues to be far too resistive for the buyers to break out of. We are currently stock between that level and the 1.04 handle, and as...
