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 the…
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 an…
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 support…
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….
AUDUSD Technical Analysis – FX Price Action – Outlook WC 28/1/13 (Forex-FX-4X.com, AUD/USD Technical Analysis, WC 28th Jan) Our previous AUDUSD update highlighted an inside day at key 1.0600 area resistance. This price action setup came after the so called Aussie took out the intermediate swing high around 1.0583 and failed to see any additional…
AUDUSD Technical Update – Price Action Analysis – 14th January The Australian dollar/US dollar pair has formed an inside day candle under the key 1.0600 area previous resistance. This came as price took out the intermediate swing high around 1.0583 and subsequently retraced the majority of the prior days range. A break of the lower end…
FX Technical Notes – EURUSD, GBPUSD, AUDUSD – 3rd January EUR/USD Technical Notes – Bearish Outside Day And Break Below Prior Support The EUR/USD currency pair has formed a bearish outside day after a failure to take out the previous swing high during trading on Wednesday. Price has subsequently moved as low as 1.3123 in the…
COT Report Reveals AUD Longs At Record High – AUD/USD Price Action Analysis Futures traders at the CME (Chicago Mercantile Exchange) added to the net AUD open long position, by around 13% on the weekly basis, according to the latest COT report (Commitment of Traders) from the CFTC. This has the Australian Dollar (CME) at a…
Forex/FX – AUDUSD Price Action Analysis – 20th November (Forex FX 4X, Australian Dollar Analysis) The AUD/USD (Australian/US dollar) has experienced extended gains today (19th November) as risk assets rallied on hopes the US may avoid the so called ‘fiscal cliff’. The currency pair gained +0.66% on the day and has moved back above the ascending…
AUD/USD Technical Report 15th November Australian/US dollar technical overview/price action analysis – The AUD/USD continues to find resistance around the 61.8% retrace of the last swing to the downside, from 1.0624 - 1.0146. Aussie dollar bulls have not yet managed to see this pair print a daily close above the key technical level. Yesterday, had a test…
Australian Dollar Rebounds From 1.0400 Area/One Month High The AUD/USD was trading at the highest level seen since September, prior to last Friday, but has subsequently moved back into the recent range and formed a bearish engulfing line. This comes at the 1.0400 area previous resistance highs and 50% retrace of the last major swing…
Forex Weekly Analysis - AUDUSD 22nd to 26th October A look at the daily timeframe AUDUSD chart below shows the 1.0160 area has once again held as support over recent weeks, after the market ran the stops under the previous swing low at 1.0165. The AUDUSD is struggling around the 50% retrace and 1.40 level. Price has now…
Daily Pin Bar On The AUD/USD – AUD Hesitates At Resistance The AUDUSD currency pair has given a daily timeframe Pin Bar, at the previous swing-high level, after rallying to a high around 1.0624 last week. The AUD has has gained on broad-based risk sentiment (US Federal Reserve’s new stimulus plans) but is hesitating at this…
Forex Confluence Trading Example - AUDUSD Setup This post will run over the AUD/USD price action from today (31/7/2012) with a particular focus on a high probability trade setup that presented itself. We have published numerous analysis posts on the merits of confluence when trading the forex market and this was an excellent example. Many…
AUDUSD Technical Analysis – Currency Index Showing AUD Strength The AUDUSD currency pair has moved to the upside following an increase in risk appetite and improvement in broad based market sentiment. This comes after the false break below the highlighted ascending trend line yesterday (Wednesday) and subsequent move higher, forming a bullish outside candle….
The Australian dollar is trading lower for the second day in a row; concerns around Chinese inflation data and US employment statistics are weighing on the "Aussie". The US nonfarm payroll data from Friday revealed 80k private sector jobs were added in June, which was under the 100k forecast average from a Dow Jones Newswire…
‘Big Wednesday’ For the Aussie Dollar Australian dollar analysis from MoneyMorning Australia – Dr Alex Cowie – 27th June 2012 The Aussie dollar isn’t following the script at all. A ‘risk currency’ like the Aussie should tank when the world is going to hell in a hand-basket. Australia has the 16th largest economy in the…
AUDUSD Analysis – June 25th-29th Forecast The Australian dollar has dropped versus its US counterpart, inline with the broad based USD strength scenario which has prevailed over the past week. Last Friday’s CFTC COT report (Commitment of Traders) showed a considerable reduction in net short Australian dollar futures positioning. There was a jump from -45,459 net…
AUDUSD Technical Analysis Update – Ascending Triangle At Parity The AUD/USD currency pair is currently consolidating gains around the parity level. Price has bounced lower from this area on three recent occasions and each time a higher low has formed thus creating an ascending triangle. Parity on AUDUSD is found when a single Australian Dollar…
AUD/USD Analysis And Outlook For The Coming Week – 4th/8th May Weaker than anticipated U.S. employment data combined with concerns around Spain’s finances had the Australian dollar to US dollar exchange rate drop to a six-month low on Friday. This move lower for the AUD/USD had the currency pair hit 0.9579 on Friday which is…
