The AUD/USD pair managed to bust through the 1.0350 level during the session on Wednesday, signaling a fresh new leg up. This suggests that the Aussie dollar will continue to rise until about the 1.05 level, and...
Technical analysis for 18.07
The AUD/USD pair shot straight up on the Tuesday session as traders began to speculate that easing out of both China and the United States could add more of a boost to the global economy.
The dollar fell sharply on disappointing results of the U.S. Advance Retail
The AUD/USD initially fell during the session on Tuesday, only to bounce to form a hammer off of the Friday bullishness. Looking at the Australian dollar as a proxy for global risk, it appears that traders believe...
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The aussie has risen and re-touched the trend-line which it broke out of last week. Further resistance from the 100-day MA has also helped depress prices. Nevertheless, we have seen a recovery of more than 76.4% of...
AUDUSD trades in a range between 0.9968 and 1.0328. As long as 0.9968 key support holds, the price action in the range is treated as consolidation of the uptrend from 0.9581, and another rise towards 1.0500 is...
The AUD/USD pair rose during the Friday session, as risk appetite increased during the Friday session. The pair has been struggling lately, but this previous week’s bearishness has been all recovered due to the Friday move.
AUD/USD fell during the session on Thursday, and in fact underperformed its cousin the Kiwi dollar. This suggests that perhaps any “risk off” trades in the currency markets should favor selling the Australian dollar over the Kiwi...
