The AUD/USD pair rose during the session on Wednesday after initially breaking through the uptrend line of the rising channel that we have been following. The breakdown through that support level was false in fact and as...
The aussie has bounced and broken back above its trend-line, although it is too early to say whether the breach is definitive. I think this is more probably a ‘short-covering’ rally which will resume its down-trend eventually....
The AUD/USD pair fell during the session on Tuesday, as the initial surge through the 1.03 level gave way to the bearish side. The resulting candle was a shooting star, and this suggests that perhaps the Aussie...
The AUD/USD pair fell during the Monday session as the “risk off” trade came back into play. There a lot of concerns out of Europe now, mainly revolving around Spanish principalities and cities. Spanish and Italian bond...
Market review for 9 – 13.07.2012
The short term outlook for the aussie is uncertain: it has fallen sharply this morning and it may continue lower until it reaches the trend-line at around 1.0235. A deeper penetration would hit the 100-day MA at...
After consolidation, AUDUSD continues its upwards movement from 0.9581, and the rise extends to as high as 1.0443. Further rise is still possible over the next several days, and next target would be at 1.0600 area. Key...
The AUD/USD pair fell on Friday as the “risk off” trade came roaring back. The Aussie should continue to fall in the short term, but the 1.03 level below looks very supportive. It is because of this...
The aussie has been rising, although it has slowed down after reaching close to the underside of a major multi-year trend-line which would be expected to exert downward pressure. It has also pulled back 61.8% of the...
Market review for 18.07.12: The Bank of England decided to keep its interest rate at a low record level of 0.5 %. Asian and European trading sessions:
