AUD/USD Upsides Remain Limited by 0.7550-0.7575

Key Highlights The recent decline in the Aussie Dollar looks real below 0.7600 against the US Dollar. AUD/USD broke a key ascending channel at 0.7570 on the 4-hours chart, which is a strong bearish signal. Australia’s House Price index in Q3 decreased 0.2% (QoQ), compared with the +0.5% forecast. Today’s main highlight would be the UK Consumer Price Index for ...
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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 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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AUDUSD Facing Tough Barrier Towards Upside

AUDUSD Facing Tough Barrier Towards Upside, Can it Break Higher? Key Highlights             Australian Dollar corrected from the 0.7150 low and currently facing a major resistance near 0.7250-60. If the AUDUSD pair fails to break the stated resistance area, more gains are likely moving ahead. Today, the minutes of the Reserve Bank of Australia meetings wer...
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AUDUSD Surges Higher as Employment Improved in Australia

AUDUSD Surges Higher as Employment Improved in Australia. What's Next? Key Highlights             Australian Dollar rocketed higher during the Asian session today, as the employment report released in Australia was impressive. Australian Employment Change released by the Australian Bureau of Statistics posted an increase of 71.4K in November 2015, whereas th...
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AUDUSD Is In Clear Uptrend?

AUDUSD Is In Clear Uptrend, More Upsides Ahead? Key Highlights             AUDUSD pair had a decent upside run this week, as the pair gained bids and traded higher. The pair settled above an important resistance area on the 4-hours chart, suggesting that it is in an uptrend. More gains are likely in the near term if buyers remain in action. Australian Co...
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AUDUSD – Test of 100 MA Possible?

AUDUSD – Test of 100 MA Possible? Key Highlights             The Aussie Dollar after trading as low as 0.7015 against the US Dollar managed to recover. There was a channel pattern formed on the hourly chart, which was breached to open the doors for more gains. It is likely that the AUDUSD pair is heading towards the 100 hourly simple moving average after...
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AUDUSD Tumbled Post CPI Report

Key Highlights Aussie Dollar moved lower sharply against the US Dollar during the Asian session after the Australian CPI release. Australian Consumer Price Index released by the RBA and republished by the Australian Bureau posted a rise of 0.5% in Q3 2015, compared with the forecast of 0.6%. In terms of the yearly change, the Australian Consumer Price Index registered a...
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AUDUSD – Slow and Steady Uptrend

Key Highlights Aussie Dollar moved higher against the US Dollar, and traded above the 0.7220 resistance area. There is a support trend line formed on the hourly chart, which might help buyers if the AUDUSD pair moves lower. Australian Home Loans released by the Australian Bureau of Statistics posted a gain of 2.9% in August 2015, which was lower compared with the foreca...
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