AUDUSD is now in downtrend from 1.0855, and the fall extended to as low as 1.0421. Further decline is still possible after a minor consolidation, and next target would be at 1.0200 area. Resistance is at 1.0670,...
The AUD/USD pair bounced from the start of the 1.04 level on Thursday, overtaking the losses from the Wednesday session. The pair also bounced from the 38.2 Fibonacci level, and this bodes well for the bulls at...
The U.S. dollar strengthened after the FOMC’s decision on interest rate.
The AUD/USD pair fell again on Wednesday as the commodity trade stalled on the whole. The Aussie always tends to benefit from the commodity trade, and as it falls – so does the Aussie dollar. The area...
The AUD/USD pair fell during the Tuesday session to form a second hammer in a row. The pair looks healthy at this point, and the 1.05 level seems to keep offering more buyers. The pair is bullish...
The AUD/USD pair fell during the session as the risk appetite of the markets fell on the whole. The end of the session saw a little bit of a bounce in this market, and the resulting candle...
The Dollar Index is currently capped between 79.00 and 80.20, resulting in most of the asset classes especially the benchmark equity index of the Dow Jones Industrials trading sideways between 13050 and 12890. Today’s FOMC Rate Decision...
Market review for 5 – 9.03, 2012
The AUD/USD pair fell during the session on Friday as the Non-Farm Payroll numbers were better than expected. However, it should be noted that the recent hammer at the 1.05 level is still there to offer support,...
AUDUSD breaks below 1.0596 key support, suggesting that the upward movement from 0.9663 has completed at 1.0855 already. Further decline would likely be seen in a couple of weeks, and next target would be at 1.0200.
