AUD/USD fell below the parity level a few sessions ago, and Friday saw a very bearish candle as the day saw an attempt to rally above that parity level, only to form a shooting star at the close.
AUD/USD rose during the session on Thursday to retest the parity level as resistance. As the level was former support, this is very common from a technical perspective.
AUD/USD fell on Wednesday as the risk off trade came back into vogue again. The parity level has been broken though, and the gap from two weekends ago looks set to be filled. The 0.97 level looks...
The markets were focused on the FOMC meeting today.
AUD/USD initially tried to rally on Tuesday but found itself selling off later in the session. The resulting candle is a shooting star that sits just above the parity level, an ominous sign in and of itself.
The big sell-off day for stock markets. The US Dollar and the Yen strengthened.
AUD/USD got absolutely hammered on Monday as traders sold off most commodities. With the backdrop of a weakening EU and Chinese growth seemingly slowing down – the commodities markets got hit hard during the session.
Market review for 5 – 9.12, 2011
High volatility was witnessed in the FX market during last week on the event of low volumes and Global economic uncertainity . Major trend is range bound between 73.40 and 81.20 where as the medium trend is...
AUDUSD remains in uptrend from 0.9663, the pullback from 1.0378 is treated as consolidation of uptrend. Another rise is still possible after consolidation, and next target would be at 1.0600-1.0700 area. Support levels are at 1.0000 and...
