Market review for 16 – 20.01, 2012
Strong equity bourses across the world, especially the benchmark index of the Dow Jones Industrials resulted in the Dollar Index loosing more then 1.2 points during last week. The medium trend is bullish till 79.60 ranges are...
The AUD/USD pair rose on Friday and even broke above the 1.04 level that we have been watching for a couple of weeks. The reason this area is so interesting is that the level is the top...
AUDUSD continued its upward movement from 0.9861, and the rise extended to as high as 1.0487. Further rise could be seen next week, and next target would be at 1.0700 area. Support is at 1.0350, only break...
AUD/USD initially dipped for the Thursday session as the Aussie sold off on poor job numbers out of that country. However, as the session continued, the “risk on” trade kicked into gear, and the Aussie always gets...
AUD/USD broke out on Wednesday from a triangle that had kept it under pressure for the last month or so. The solid close at the end of the session foretells higher prices, and the market looks set...
The Dollar Index continues correction for the third day on the event of strong equity bourses across the world, especially the benchmark index of the Dow Jones Industrials. The medium trend is bullish till 80.00 ranges are...
The euro grew against the U.S. dollar and its others major competitors.
AUD/USD rose again on Tuesday as the commodity currencies got a bid yet again. The triangle that we have been watching in this pair was pierced, but the breakout was beaten back by the resistance.
Correction in the Dollar Index continues on the event of strong equity bourses across the world, especially the benchmark index of the Dow Jones Industrials. The medium trend is bullish till 80.00 ranges are holding on weekly...