AUDUSD Looks Poised For More Losses

AUDUSD Looks Poised For More Losses Key Highlights             Aussie Dollar after making a short-term high against the US Dollar at 0.7258 moved lower. There were a couple of support trend lines on the hourly chart, which were broken to take the AUDUSD pair down. Australia’s Construction Work Done released by the Australian Bureau of Statistics posted a...
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AUDUSD Looks Poised For More Losses

AUDUSD Looks Poised For More Losses Key Highlights             Aussie Dollar traded lower this week against the US Dollar and looks set for more declines. There was a support trend line formed on the hourly chart, which was cleared to open the doors for more losses. Today in Australia, the National Australia Bank Business Confidence was released, which cam...
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AUDUSD – Looking At Monster Resistance 0.7020-40

AUDUSD – Looking At Monster Resistance 0.7020-40 Key Highlights             Australian Dollar managed to trade higher during the past couple of days against the US Dollar. AUDUSD pair is facing a tough test, as there is a monster resistance formed near 0.7020-40 looking at the daily chart. Today, the Australian Consumer Price Index released by the RBA an...
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AUDUSD Continues To Remain Under Pressure

AUDUSD Continues To Remain Under Pressure Key Highlights             AUDUSD cleared a major triangle pattern on the 4-hours chart to initiate a bear leg. There is a chance that the AUDUSD pair may test the all-important 0.7000 support area moving ahead. Australian trade balance released by the Australian Bureau of Statistics posted a trade deficit of -2,90...
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AUDUSD – Is This A Short-Term Correction?

AUDUSD – Is This A Short-Term Correction? Key Highlights             Aussie Dollar is following a bullish trend line on the hourly chart against the US Dollar, and it looks like poised for more gains. The AUDUSD pair is currently correcting lower and heading towards the support trend line. Buyers may appear around the highlighted trend line and support a...
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CHN CPI and CPP impact on majors. The AUDUSD pair climbed.

Key Highlights Chinese consumer price index was released by the National Bureau of Statistics of China earlier today which came as a disappointment. Chinese CPI increased by 0.3% in January 2015, compared to the preceding month whereas the market was expecting a rise of 0.4%. Chinese Producer Price Index was also released which declined by 4.3%, more than the previous f...
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