Tag Archives: AUD/USD

AUD/USD Hits And Bounces Off Range Bottom

AUD/USD (daily chart) has dropped down and tentatively bounced off the bottom border of a major horizontal trading range that has been in place for the past ten months. This key trading range support resides right around the 1.0150 price … Continue reading

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Bearish AUD/USD: Wait On Pullback For New Shorts

The AUD/USD extended its weakness in the last few sessions within wave (iii), which can now be counted in five smaller waves. As such, support for current decline could be near, maybe around 0.9800 from where we will be tracking … Continue reading

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AUD/USD: The Pair’s Next Target?

Currently we are at 0.9733 on the 1.270 fibo. We are looking for a continuation down to the 1.618 Fibo support @ 0.9665. Market has a tendency to square up on Friday so be aware of that in the mix. … Continue reading

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AUD/USD: Down And Under As Sharp Slide Continues

The Australian dollar continues to slide against the US currency, as the pair briefly dipped below the 0.98 line in Thursday trading. The Aussie has had a miserable May, shedding over five cents since the start of the month. Australian … Continue reading

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RBA Trimmed Its Inflation Forecast For 2013

AUD/USD” title=”AUD/USD” width=”800″ height=”458″ />For the 24 hours to 23:00 GMT, AUD weakened 1.12% against the USD to close at 1.0076.LME Copper prices declined 0.2% or $15.0/MT to $7311.0/MT. Aluminium prices declined 1.2% or $22.0/MT to $1864.5/MT.In the Asian session, … Continue reading

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Dollar Posts Second 1.5% Weekly Rally In 17 Months, QE3 In Focus

Dollar Posts Second 1.5% Weekly Rally in 17 Months, QE3 In Focus The dollar’s performance these past two weeks has been extraordinary. And, unlike the risks that loom over the S&P 500 and yen crosses should sentiment sour; the greenback … Continue reading

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Aussie Continues To Trade Below Parity

AUD/USD” title=”AUD/USD” width=”2306″ height=”1591″ />For the 24 hours leading to 23:00 GMT, the AUD rose marginally against the USD to close at 0.9897. However, the Aussie continued to remain below parity, after the Australian Treasurer, Wayne Swan stated earlier this … Continue reading

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RBA Cuts: Is AUD/USD Ready To Have A Go At Parity?

The AUD/USD has probed below 1.0200 support as the RBA cuts the cash target to a new multi-decade low. Meanwhile, the USD/JPY continues to tease on whether it wants to have a go at that 100.00 level. RBA cuts to … Continue reading

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AUD/USD Remains In Downtrend From 1.0582

AUD/USD remains in downtrend from 1.0582 (April 11 high), the bounce from 0.9434 is likely consolidation of the downtrend. Range trading between 0.9434 and 0.9791 could be expected in a couple of days. Key resistance is at 0.9791, as long … Continue reading

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AUD/USD Surges Up Through The Key Level Of 0.97

After establishing and trading within a range between two key levels at 0.9550 and 0.97 over the last couple of weeks, the AUD/USD has recently broken out and surged higher to a new two week high almost within reach of … Continue reading

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