The Dollar Index is currently trading flat at the critical support of 81.00; most of the FX pairs are trading flat since the Asian session with focus shifting to the ECB interest rate decision and its policies.
The AUD/USD pair initially tried to break above the 1.03 level on Tuesday, but failed miserably and close down towards the lows of the session. As the day ended, we formed a shooting star at the bottom...
The Dollar Index after finding support at 81.00 ranges is currently trading at 81.49 resulting in long liquidation in most of the asset classes especially the benchmark equity index of the Dow Industrials and Nymex Crude. The...
The Dollar Index is currently trading near the critical support of 81.00 ranges to currently trade at 81.13 the short-term trend is still range bound between 81.00 and 82.10; only daily close below 81.00 would lead to...
The AUD/USD pair fell during the session on Monday, but did bounce in order to get back some of its losses. The candle for the day formed a pseudo-hammer, and is based around the 1.0250 level. There...
The AUD/USD pair rose during the session on Friday as the 1.03 level comes into offer support. The pair has sold off rather significantly lately, and as such a bounce should have been expected.
On Friday, the US Dollar depreciated off the European session highs to close just above the critical support of 81.00 ranges to currently trade at 81.23 the short-term trend is still range bound between 81.00 and 82.10;...
AUDUSD’s fall from 1.0612 extends to as low as 1.0276. Further decline would likely be seen over the next several days, and next target would be at 1.0100 area. Resistance levels are now at 1.0400 and 1.0450,...
The AUD/USD pair fell below the 1.03 level on Thursday, to signify further weakness. However, this area does look very supportive and the fact that we bounce slightly towards the end of the session should be no...
The US Dollar is still trading flat at 81.64 with 81.00-81.20 acting as support and 82.10-82.30 acting as resistance; only daily close below 81.00 would lead to further depreciation in the USD across the board. The benchmark...
