The AUD/USD pair fell hard on Friday as the “risk off” attitude came back into the markets because of the continuing drama unfolding in the European Union. The Aussie is highly correlated to global growth, and there...
The US Dollar traded flat on the event of most of the asset classes, especially the benchmark equity index of the Dow Jones Industrials trading flat. The Dollar Index is trading range bound between 80.65 and 78.60,...
AUDUSD’s downward movement from 1.0474 extends to as low as 1.0018. Further fall could be expected next week, and next target would be at 0.9600-0.9700 area. Resistance is at 1.0150, as long as this level holds, the...
On the event of weaker asset classes, the US Dollar has as strengthened against most of the FX pairs. The Dollar Index is trading range bound between 80.65 and 78.60, either side breakout would establish trend.
The AUD/USD pair has been struggling as of late, and the Thursday session looks as if it wasn’t any different. The 1.02 level was our line in the sand for buying, and this has given way in...
The US Dollar has traded mixed bag wherein it has strengthened against the Common Currency and the Aussie while trading flat against the Cable and the Japanese Yen. The Dollar Index is trading range bound between 80.65...
The AUD/USD pair fell for most of the day on Wednesday, as the world strayed away from the risk trade. The pair even managed to get with 14 pips of parity before the bounce at the end...
AUD/USD fell during the Tuesday session, completely wiping out the gains from the Monday session. The fears over the European crisis are weighing on risk assets, and the Aussie is one of the most favored ways for...
Technical analysis for 08/05
The AUD/USD pair gapped down at the open for the Monday session like all “risk related” pairs, but the markets turned back around in the end as the gaps were all filled. The Aussie gave back some...
