The AUD/USD pair fell hard for the Friday session as the “risk off” mode took over again. The pair broken through the 1.02 level, and we feel that the bearish flag we suspected as being formed is...
AUDUSD breaks below 1.0225 previous low support, suggesting that a cycle top has been formed at 1.0474 on daily chart, and the downtrend from 1.0855 has resumed. Further decline could be expected in a couple of weeks,...
The AUD/USD pair fell hard on the session for Thursday as traders prepared for the important Non-Farm Payroll numbers today. The announcement should be one of the most important this year, as the markets try to figure...
The Euro-Zone Unemployment Rate in March reached a new record of 10.9
Technical analysis for 02/05 EURUSD The pair has risen to the Moving Average (100) at 1.32148. If the pair stays above this level the pair will rise to 1.33143. If the pair stays below 1.31674 the pair will...
The AUD/USD pair fell on Tuesday as the Reserve Bank of Australia cuts rates by .50 percent during the early part of the session. This of course led to Aussie selling, and as a result the pair...
AUD/USD fell during the session on Monday as the “risk off” trade came back. The fears of recession now are back out there as the Spanish situation continues to deteriorate. Because of this, risk assets in general...
EURUSD
The AUD/USD pair shot straight up on Friday as the “risk on” attitude came back into the markets. The pair is often used as a proxy for risk appetite and the gold markets, both of which rose...
AUDUSD has formed a cycle bottom at 1.0225 on daily chart. Further rally would likely be seen next week, and next target would be at 1.0600 area. However, the rise from 1.0225 is treated as correction of...
