AUD/USD Analysis (August 5)
We have been a bit surprised by the weakness of the antipodean (Aussie and Kiwi) currencies this week. The Aussie has been under intense pressure, loosing more than 600 pips from the beginning of the week.
Tag: AUDUSD
4th August, 2011 – Daily Forex Report by GFM Research
The US Dollar traded mixed wherein it has depreciated against the Euro and the Cable but has appreciated against the Swiss Franc, the Aussie Dollar and the Japanese Yen. Fierce intervention was seen by the BoJ to...
AUD/USD Analysis (August 4)
The pair remains under pressure after a sharp fall towards 1,07 corresponding to an ascending trendline started in March.
3rd August, 2011 – Daily Forex Report by GFM Research
Last minute deal has been struck to increase the US borrowings by President Obama, but the street seems to be more concerned about the weakening of the US economy which resulted in sell off for the straight...
AUD/USD Analysis (August 3)
The pair has been under intense pressure yesterday dropping 300 pips from its 1,10 level.
AUD/USD Technical Analysis August 2, 2011
The AUD/USD continues to struggle with the idea of the 1.10 handle on Monday, making trading this pair an extremely choppy situation lately. The pair has found support in general, but it simply cannot gain traction at...
2nd August, 2011 – Daily Forex Report by GFM Research
The US Dollar strengthens across the board especially against the Euro and the Cable; the Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges; despite the...
AUD/USD Analysis (August 2)
After an impressive rally towards a fresh record high at 1,1080 the pair seems ready for a corrective move as the market reached the upper weekly bollinger band.
1st August, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges. The US Dollar is trading mixed after President Obama announced a last minute deal to increase...
AUD/USD Technical Analysis Aug 1, 2011
The AUD/USD pair fell on Friday, but bounced to form a hammer just at the 1.10 line. This suggests that the pair has found support at about the 1.09, just as we stated it might yesterday. Because...