Franc dropped after the announcement of the National bank of Switzerland.
The AUD/USD pair fell hard on Tuesday, but has slowed in the 1.05 area. The piercing of this level is certainly a negative, but the area hasn’t been completely broken at this point. The resulting candle looks...
US dollar strengthens.
Market review for 29.08 – 2.09, 2011 After the diverse trading dynamics, by the end of the previous week the greenback reinstated its safe-haven status.
The outlook for the Aussie is started to be quite bearish with the recent rally now considered as a pullback after the initial sharp decline from the beginning of August.
AUD/USD fell on Friday after a weak US jobs number. The pair is a “risk on” trade typically, so this was no real surprise. However, the trend is certainly up, and we fell that the 1.05 area...
AUDUSD remains in uptrend from 0.9927. Further rise is still possible next week, and next target would be at 1.0900 area. Key support is at 1.0490, only break below this level will indicate that a cycle top...
Despite the pressure on the majors and relative shift towards risk aversion, the Aussie is being resilient with only a slight consolidation in its current rally.
The AUD/USD pair rose on Thursday, and continues to impress in its ability to rise in the face of a “risk-off” environment. The Aussie is now becoming a bit of a safe haven play, albeit moderately so,...
Despite the pressure on the majors and relative shift towards risk aversion, the Aussie is being resilient with only a slight consolidation in its current rally.