trading course Click here to gain access to a free trading course from INO - Market Club.

Category Archives: AUD/USD Weekly Analysis

AUDUSD Technical Analysis – 17th July – Australian Dollar Update

AUDUSD Technical Analysis – 17th July – Australian Dollar Update

AUDUSD Technical Analysis – 17th July – Australian Dollar Update The AUDUSD pair is currently trading in a near term range in the 0.9000 – 0.9400 zone. Support has been found at the psychological round number area 0.9000.  The 0.9000 handle has proved to be a difficult level for the AUDUSD bears after a strong drop fromContinue Reading

AUDUSD Technical Analysis – Aussie Finds Support At Key Price Pivot Zone – 17 21 June

AUDUSD Technical Analysis – Aussie Finds Support At Key Price Pivot Zone – 17 21 June

AUDUSD Technical Analysis – Aussie Finds Support At Key Price Pivot Zone – 17th 21st June Update The AUDUSD pair closed last week above the key longer term prior resistance area, around 0.9400.  The weekly chart below shows that this area held as resistance in 2009/2010 and subsequently became support in 2011 – a long term support toContinue Reading

AUDUSD Technical Update – Aussie At Key Price Pivot Zone – 12th June

AUDUSD Technical Update – Aussie At Key Price Pivot Zone – 12th June

AUDUSD Technical Update – Aussie At Key Price Pivot Zone – 12th June The AUDUSD pair is once again trading at the key long term previous resistance area around 0.9400.  The weekly chart below shows how this area held as resistance in 2009/2010 and subsequently became support in 2011 – a price pivot zone. PriceContinue Reading

AUDUSD Technical Update – March 5th – Price Action Analysis

AUDUSD Technical Update – March 5th – Price Action Analysis

AUDUSD Technical Update – March 5th – Price Action Analysis The RBA (Reserve Bank of Australia) has held the benchmark interest rate at 3%, a half-century low, and the Australian dollar has gained broadly. The AUD/USD made a bearish breakout yesterday, but subsequently pared back earlier losses to close the day as a hammer candle/pinbar on theContinue Reading

AUDUSD Bearish Breakout – Hits Seven-Month Low

AUDUSD Bearish Breakout – Hits Seven-Month Low

AUDUSD Bearish Breakout – Hits Seven-Month Low Data released overnight from the the Australian Bureau of Statistics has revealed that building approvals dropped versus expectations for January.  Company gross profits also declined in the December reporting period, as earnings weakened in manufacturing and mining firms. The above has seen the Australian dollar/US dollar currency pair trade lower, with anContinue Reading

AUDUSD: Under Pressure On Broad Risk Aversion Flows – Hits Four Month Low

AUDUSD: Under Pressure On Broad Risk Aversion Flows – Hits Four Month Low

AUDUSD: Under Recent Pressure On Broad Risk Aversion Flows – Hits Four Month Low Mary McCarthy, 28/2/13  The AUDUSD currency pair hit a four month low recently, just under the 1.02 handle.   Recent data shows that Australian business investment declined last quarter with weakness in manufacturing cited, as mining companies pared spending. Key previous supportContinue Reading

AUDUSD Technical Analysis Update – WC 11th February 2013

AUDUSD Technical Analysis Update – WC 11th February 2013

AUDUSD Technical Analysis Update – WC 11th February 2013 The AUDUSD pair experienced a breakout under the 1.0340 area previous support level this week, this has subsequently acted as resistance and capped any sustained upside. This technical level has confluence with the 365 EMA (exponential moving average) and the 61.8% Fibonacci retrace of 1.0147 – 1.0597.Continue Reading