The Dollar Index is approaching important support zone of 75.40-76.00, consistent close below 75.00 would resume long-term bearishness in the USD. Though 76.00 ranges are expected to again act important support in short term; historic resistance in...
Weekly review for 17 – 21. 10, 2011
With a break above recent resistance at 1,0370 the pair is poised to continue its move to the upside with a next target at 1,07.
AUD/USD rose during the Friday session as the world awaits the results of the EU meetings over the weekend. The Aussie is a barometer of global risk, and it fared quite well as a result of the...
AUDUSD’s upwards movement from 0.9390 extended to as high as 1.0376. Further rise is still possible next week, and next target would be at 1.0700. Support is at 1.0100, only break below this level could indicate that...
The AUD/USD pair had a wide range during the Thursday session as the global markets continue to go back and forth on headline news and general fears of European debt issues. The candle is another doji, suggesting...
The Dollar Index is trading in tight range between 77.50 and 76.50 as a result the benchmark equity index of the Dow Industrials traded flat. Though 76.00 ranges are expected to again act important support in medium...
As the rumours around the agreement between France and Germany on increasing the size of EFSF reinforced, the euro strengthened.
The Dollar Index recovered off the European lows during the American trading session on the event of correction/continued fall witnessed in most of the asset classes. Though 76.00 ranges are expected to again act important support in...
Speculations regarding possible credit rating reduction of France pressure the euro.
