The Dollar Index succumbed to profit taking after hitting historic resistance zone of 81.00 ranges and is currently trading at 79.90 ranges. The medium trend is bullish till 77.50 ranges are holding on weekly closing basis, though...
AUD/USD rose slightly during a fairly quiet Monday session. The pair is approaching the 1.0250 area, and has struggled in this vicinity previously. Because of this, we aren’t willing to buy at this level.
The Dollar Index again found resistance in the ranges of 81.00. Major trend is range bound between 73.40 and 81.40; the medium trend is bullish till 77.50 ranges are holding on weekly closing basis, though 81.40 ranges...
AUDUSD’s rise from 0.9861 extended further to as high as 1.0267. As long as 1.0378 resistance holds, the rise is treated as correction of downtrend from 1.0378, and another fall towards 0.9390 previous low is still possible.
AUD/USD bounced on Thursday as the “risk on” trade came back into vogue. The market is very schizophrenic in its behavior lately, so this bounce isn’t a surprise anymore.
Correction in benchmark equity index of the Dow Jones Industrials from historic resistance zone of 12300-12380 ranges and Consumer Confidence numbers beating the street led to the Dollar Index appreciating by 1 point to close firm at...
AUD/USD fell on Wednesday as the trading world moved to the bearish side in light volume. The pair did look a bit heavy as it approached 1.02, and the parity level looks like a magnet for this...
AUD/USD absolutely sat still during the session on Tuesday as the markets had a very quiet day. The next few sessions could be very quiet, and as a result some pairs simply won’t move.
Flat trading day was witnessed in most of the FX majors but for the Cable which was volatile on the event of low volumes. Major trend is range bound between 73.40 and 81.40; the medium trend is...
The Dollar Index is trading flat as is case with most of the asset classes. Major trend is range bound between 73.40 and 81.40 ; the medium trend is bullish till 77.50 ranges is holding on weekly...
