Dollar index recovers from the short-term support of 76.70, resulting in profit taking in most of the asset classes. Short-term trend is range between 77.80 and 76.40 where as the medium-term trend is range bound between 78.90...
The Dollar Index again corrects from 78.00 ranges, resulting in appreciation of most of the asset classes especially the key equity index of the Dow Industrials (DJIA). Medium-term trend is range between 77.80 and 76.40. Immediate resistance...
The AUD/USD pair rose during the Friday session as the manic attitude of currency markets continues. The Greek swore in a new Prime Minister, and the Italians passed an austerity budget. The trading took this as the...
AUDUSD might be forming a cycle bottom at 1.0053 on daily chart. Further rise would likely be seen in a couple of weeks, and target would be at 1.5800 area. Support is 1.0053, only break below this...
The AUD/USD pair fell and rose during the session on Thursday as the headlines continue to push this pair around. The 1.01 to parity levels are one big support zone in our opinion, and we think they...
Against the background of the worsening situation in Italy, the euro lost about 310
AUD/USD fell hard on the session for Wednesday as traders have sold off all things related to taking risk. The Aussie is very susceptible to headline risks, and as a result this pair didn’t act well to...
Market participants are looking forward for the voting results in the Italian Parliament.
AUD/USD fell again on the session for Tuesday, but bounced again in order to form a hammer at the end of the day. The pair looks like it is trying to find real support at the 1.03...
The Dollar Index is trading sideways between 77.80 and 76.40. Immediate resistance in the Dollar Index is seen at 78.00 ranges. Historic congestion is seen at 79.80-80.40-81.20 ranges, which is expected to act medium-term resistance.The benchmark equity...
