The AUD/USD pair fell during the session on Wednesday as we continue to hover just below the 1.04 level. We see this area as significant resistance, and as such think that this pair will struggle to go...
Market review for 20.11.12: The Bank of Japan decided to keep the volume of purchases of assets on the same 66 trillion Yen level.
The Dollar Index is trading at 81.25 ranges still hovering around the short term resistance of 81.00-81.20 from where it sold off during September last.
AUD/USD into the session essentially unchanged after flirting with both opposed 1.04 levels, and pre-1.04 levels. In other words, the market went back and forth and eventually did nothing.
Technical analysis for 20.11
The Dollar Index is trading at 80.90 with 81.00-81.20 ranges still acting as short term resistance from where is sold off during September last. The benchmark equity index (.DJIA) is trading at 12760 after slipping below the...
AUD/USD rose on Monday as the 1.04 handle was tested as resistance. Having said that, this is an area that we would expect to see sellers step back into the marketplace.
The Dollar Index is trading at 81.25 with 81.00-81.20 ranges still acting as short term resistance from where is sold off during September last.
AUDUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.0149. Support is located at the lower line of the channel, as long as the channel support holds, the fall from 1.0480...
The AUD/USD pair fell during most of the Friday session, but got a bounce as we approached the 1.03 level. This area has a history of being minor support, and as the area was approached, we also...
