AUD/USD Rebound Reaching Crucial Juncture

Key Highlights The Aussie Dollar tested the 0.7000 support and rebounded nicely against the US Dollar. AUD/USD traded above a major bearish trend line at 0.7046 on the 4-hour chart. The US CPI in Feb 2019 increased 1.5% (YoY), less than the 1.6% forecast. The US Durable Goods Orders for Jan 2019 will be released today, which could decline 0.5% (MoM). AUDUSD Tec...
Read More

AUD/USD Remains At Risk Of More Declines

Key Highlights The Aussie Dollar declined heavily after it failed to surpass the 0.7300 resistance against the US Dollar. There was a break below a crucial triangle support at 0.7210 on the 4-hours chart of AUD/USD. The NFIB Business Optimism Index in Jan 2019 declined from 104.4 to 101.2. Today in the US, the CPI figure for Jan 2019 will be released, which could ...
Read More

AUD/USD Signaling Bearish Continuation Below 0.7150

Key Highlights The Aussie Dollar declined recently and broke the 0.7200 support against the US Dollar. There was a break below a major contracting triangle with support at 0.7208 on the 4-hours chart of AUD/USD. The US Trade Balance in Nov 2018 posted a deficit of $-49.3B, less than the $-54.0B forecast. The US Initial Jobless Claims for the week ending Feb 02, 20...
Read More

AUD/USD Facing Significant Resistance Near 0.7200

Key Highlights The Aussie Dollar failed to surpass the 0.7200 barrier and declined recently against the US Dollar. There is a major bearish trend line in place with resistance at 0.7190 on the 4-hours chart of AUD/USD. Australia’s CPI in Q4 2018 increased 0.5% (QoQ), more than the 0.4% forecast. Today, the Fed Interest Rate Decision is scheduled (Forecast 2.5%, ...
Read More

AUD/USD Could Extend Downside Correction To 0.7050

Key Highlights The Aussie Dollar started a downside correction after trading as high as 0.7235 against the US Dollar. There was a break below a key contracting triangle with support at 0.7155 on the 4-hours chart of AUD/USD. The US Existing Home Sales declined 6.4% in Dec 2018 (MoM). The Euro Zone Consumer Confidence for Jan 2019 (Prelim) will be released today, w...
Read More

AUD/USD Recovery Reaching Crucial Juncture

Key Highlights The Australian Dollar recovered nicely and moved above 0.7080 against the US Dollar. There was a break above a major bearish trend line at 0.7010 on the 4-hours chart of AUD/USD. Australia’s Building Permits in Nov 2018 declined 9.1% (MoM). The US Initial Jobless Claims for the week ending Jan 05, 2019 will be released today, which is forecasted t...
Read More

AUD/USD Holding Key Support and 100 SMA

Key Highlights The Aussie Dollar declined sharply from 0.7337 and traded below 0.7260 against the US Dollar. There is a major bullish trend line in place with support at 0.7220 on the 4-hours chart of AUD/USD. The US Initial Jobless Claims figure for the week ending Nov 17, 2018 increased to 224K. Today, the Euro Zone Consumer Confidence for Nov 2018 (Prelim) will...
Read More

AUD/USD Remains At Risk of More Declines

Key Highlights The Aussie Dollar started a downside move after it failed near 0.7150 against the US Dollar. There is a major bearish trend line in place with resistance at 0.7115 on the 4-hours chart of AUD/USD. The US Manufacturing PMI for Oct 2018 (Preliminary) increased from 55.6 to 55.9. Today, the Durable Goods Orders for Sep 2018 will be released, which is f...
Read More

AUD/USD Could Trade Higher Above 0.7300

Key Highlights The Aussie Dollar started a decent upward move from the 0.7144 low against the US Dollar. There was a break above a major bearish trend line with resistance at 0.7198 on the 4-hours chart of AUD/USD. The US S&P/Case-Shiller Home Price Indices increased 5.9%, less than the forecast of 6.2%. Today, the Fed interest rate decision is scheduled and t...
Read More

AUD/USD Is In Significant Downtrend Below 0.7250

Key Highlights The Aussie dollar declined recently and broke the 0.7180 support against the US Dollar. There is a major bearish trend line in place with resistance at 0.7135 on the 4-hour chart of AUD/USD. The NFIB Business Optimism Index in the US climbed from 107.8 to 108.8 in August 2018. Today, the US Producer Price Index for August 2018 will be released, whic...
Read More

12...10...»