AUD/USD retakes 0.71 handle, recovery gains momentum into European Session. Rebound seen in gold prices likely supporting the Aussie, recovery may be short lived as USD likely to see further strength. Pair has hit channel base and rebounded from lows, RSI is biased higher and has scope to run, Daily Stochs show bullish crossover at oversold levels. Long lower...
The pair showing bullish strength with a near bounce from the most recent daily trend line. I'm hoping for a breakout for the pair and planning to ride along towards the 32.2% Fib (0.73852) and a SL just below the trend. Entry: 0.71810 ( Daily Breakout of Trend ) TP: 0.73852 - 177.8 Pips ( Fib 32.2% + Support) SL: 0.70911 - 93.8 Pips ( Below Daily...
The pair is moving in downtrend. It has shape a triangle pattern. The ideal trade would be to wait for the breakout. However the trade i present is offering a nice risk-reward ratio setup. I think it worths a try. More info in the chart. Like if you agree...
Selling in the Aussie continues as commodities like crude oil resumed their price decline hurting commodity currencies. Mood in Asia sours after USD/CNY fixed higher than expected - broadly underpinning USD/AXJ. Upside in the pair is capped by Daily Tenkan at 0.7250, Aussie slips below 0.72 handle, was down at 0.7179, selling looks incomplete - fresh intraday...
AUDUSD looks set to retest 71c (upward sloping trend line since September 2015). If that clears, retest lows of September 2015 at 69.
Head and Shoulders pattern formation seen on AUD/USD 4-Hourly charts. Watchout for AUD/USD breaks below 0.7180 (neckline) for further downside in the pair. 0.70 could be next bear target. AUD/USD ignored moderate gains in Comex Copper and tracked oil lower. Immediate support is seen at 0.7201 (50-DMA), while resistance is seen at 0.7258 (hourly 50-MA) ahead of...
Australia jobs data was supposed to be a non-event, with a strong consensus there would be a correction to October's upside blowout. But markets caught off-guard by booming Aus jobs report which showed employment change and headline data at +71.4k beating expectations at -10.0k. Aussie soared post data, taking the pair to 0.7334, but has eased therefrom to...
Selloff in oil and bulk commodities which extended for a third day weighed heavily on currencies of major commodity producers such as Australia AUD/USD rejected at day's high by 0.7237, back to opening level at 0.7218 after topping at 0.7237 Bear signs upped as pair dives below 10-DMA & pierces 21 & 100-DMAs while daily RSI and Stochs also maintain bear...
Bull signs in AUD/USD upped after the pair breaks and holds above trendline resistance and makes new trend high, 10-DMA exerts bull influence and RSIs are biased up with room to run In the Asian session, AUD/USD was largely rangebound, trading at 0.7331 at the time of writing, down from 0.7386 high on Friday (a level not seen since August) Strong support is seen...
After a upward surge for the past 6 days Audusd still showing up momentum but finally looks meets the distribution zone which is the supply zone. We came up with Bearish Gartley pattern and we have possibilities of downtrend to 0.71150 alteast.
The Antipodeans came off multi-week peaks on Thursday after hawkish Yellen comments underlined the case for an interest rate hike this month and dented appetite for risk assets Also undermining the Aussie was data showing Australia's trade deficit widened to A$3.3 billion, compared to forecasts of A$2.6 billion, due in part to weaker commodity prices AUD/USD...
The outcome of Australia's GDP was marginally higher, but a little below trend, the reaction in the Aussie was quite muted, the result was likely priced in The U.S. dollar also nursed broad losses early on Wednesday, after U.S. manufacturing contracted in November for the first time in three years, further supported the pair higher AUD/USD closed above trendline...
Fed is on track to hike rates for the first time in almost a decade, while the RBA is expected to remain on hold and unlikely to make any adjustments to their outlook until at least February of next year - this exposes the downside in the pair AUD/USD pair fell yesterday on disappointing Australian Capex data which showed private capital expenditures contracted...
AUD short covering expected to continue ahead of the US Thanksgiving holiday, falling commodity prices, broad USD strength keep antipodeans subdued on the day AUD/USD inched up to 0.7207, from 0.7187 in early trade, only to retreat back to 0.7190 levels The pair has gained around two cents in the past two weeks but met heavy resistance near 0.7250, is likely to...
On FX:AUDUSD , the bulls are in control of the price and getting close to the previous structure high. When bears are going to step in? it is more likely soon, as big orders are mostly placed at structure levels. In addition, there is harmonic moves, where the valid gartley pattern appears, which increase the probability. This pattern gives a clear guidance,...
The antipodeans had a subdued tone on Monday as investors showed caution following the Paris terror-strike which triggered risk-off sentiment. AUD/USD opened Monday's trade at 0.7118, down from a peak of 0.7160 on Friday, briefly dipped below 0.7100 on broad US Dollar strength. The pair has recovered since and is currently holding above the 0.71 barrier, trading...
Just an amateur opinion about a nice pattern which is forming on AUD/USD. The price came closer to the .886 level from XA leg and if the price will touch this level (0.69924) we'll have a good risk/reward ratio and great opportunity to enter in a long position.