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Author Archives: AUD Editor

AUD/USD: neutral, bullish only beyond 0.7510

The AUD/USD pair peaked at a 2-week high of 0.7466, following the release of much better-than-expected Australian employment figures during the past Asian session, but the pair quickly retreated, weighed by the soft tone in local equities, also rejected by ...

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AUD/USD Bullish Wicks Mark New Wave of Buyers

The AUD has been rebounding of late, with stronger Employment numbers for the month and a reduction in the Unemployment Rate to 5.7% as it approaches full employment. Interestingly, the MI Inflation target is 4% for the next 12 months, ...

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AUDUSD might test weekly highs at .7490

EURUSD stopped 15 pips from the 111.85/90 target but showing no sign of a top to the rally yet. If we beat 111.90 look for quite strong resistance at 112.00/10 in to the end of the week. A good area ...

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AUDUSD: Minor support is seen at 0.7395/0.7400

AudUsd was choppy on Wednesday, falling heavily in Europe to 0.7388 before a strong bounce once the US got going, to finish pretty much unchanged on the day, having seen a high of 0.7443. Technically, the 1 and 4 hour ...

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AUD/USD rises back above 0.7400

The AUD/USD pair rebounded after hitting a 3-day low at 0.7387 and rose back above 0.7400. Recently it reached 0.7436. Currently is trading at 0.7420/25, unchanged compared to yesterday’s closing price. The recent rally, that pushed the price close to ...

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