The AUD/USD pair had an outstanding day during the Wednesday session as the 1.02 level now looks more supportive than ever. The market found its way through the 1.03 handle, and is actually approaching the 1.04 handle.
The US Dollar continues declining against most of the FX majors; the Greenback lost most against the Aussie by more than 70 pips, but consolidated against the Common currency, the Swiss Franc and the Cable.
The US Dollar continues down trend after hitting short term resistance of 80.25 ranges a couple of days back to currently trade at short term support of 79.20 resulting in appreciation of most of the asset classes,...
The AUD/USD pair had a fairly quiet session on Monday, but did manage to bounce back off of the 1.02 level yet again. This suggests to us that this area is going to put up quite a...
The AUD/USD pair attempted to rally on Friday, but was turned away at the 1.03 level again for the second time in 48 hours. The candle shaped is a shooting star, and it is at the bottom...
The Dollar Index gains more than 40 points amidst weaker asset classes especially the equities. The Greenback gained most against the Common currency, the Cable and the Swiss Franc where as trading flat against the Aussie. Currently...
AUDUSD break below 1.0167 support and reaches as low as 1.0149. deeper decline is still possible next week, and the target would be at 1.0000-1.0050 area. However, the price action from 1.0612 is treated as consolidation of...
The AUD/USD pair rose during the session to break the top of the shooting star from Wednesday as the Thursday session was absolutely bullish. The 1.02 level has held as support and it now looks like we...
The Dollar Index lost more than 50 points despite lackluster trading witnessed in most of the asset classes. The Greenback lost most against the Common currency and the Swiss Franc followed by the Cable. Currently the short...
AUD/USD had a very back and forth session in order to essentially finish unchanged. We are trading at the bottom of the recent consolidation area, and as such the market does look like it’s trying to set...
