AUDUSD Setting Up For Recovery Post US Pending Home Sales

Key Highlights AUDUSD traded lower towards 0.7600 before finding buyers to trade back higher. A breakout pattern is formed on the hourly chart, i.e. likely to open to the doors for more upsides in the near term. US Pending Home Sales released by the National Association of Realtors posted an increase of 0.9% in May 2015, compared with the forecast of 1.2%. US Pendin...
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EURAUD – Euro at Continued Risk of Weakness around 1.4550

Key Highlights Euro trading around at an important support area versus the Aussie Dollar, and remains at risk of a break lower. EURAUD recently traded around 1.4550 where it found sellers. In the US, there are several economic releases lined up today, including the initial jobless claims, Markit PMI and personal income data. EURAUD Technical Analysis There was ste...
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AUDJPY at Critical Turning Point

Key Highlights Aussie Dollar is testing an important support area against the Japanese Yen, which if broken might set the AUDJPY pair for more losses. Australian House Price Index released by the Australian Bureau of Statistics posted an increase of 1.6 % in the first quarter of 2015, compared with the forecast of +2.3%. In Japan, the Nomura/JMMA Manufacturing PMI was r...
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AUDUSD Key Reversal Could Trigger Next Rally Higher

Key Highlights Aussie Dollar traded higher against the US Dollar, as buyers were seen active during the past couple of sessions. Australian New Motor Vehicle Sales released by the Australian Bureau of Statistics increased by 0.8% in May 2015, compared with the same month a year ago. RBA meeting minutes were released during the Asian session in which the central bank con...
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Aussie Dollar Facing an Uphill Task Post Employment Report

Key Highlights Aussie Dollar rocketed higher during the Asian session, as the employment report released in Australian was better-than-expected. Australian Employment Change released by the Australian Bureau of Statistics came in at 42.0K in May 2015, compared to the expectation of 11.0K. AUDJPY pair surged higher after the report was published, but facing an important ...
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AUDUSD Primed For Lift-off

Key Highlights US Dollar weakness pushed pairs like AUDUSD and NZDUSD higher. AUDUSD traded higher and settled above the 200 moving average (hourly) to set the pace for the next leg. Australian Home Loans released by the Australian Bureau of Statistics increased by 1% in April 2015 whereas the market was expecting a decline of 2%. Chinese Consumer Price Index is relea...
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AUDUSD Suffered Heavy Losses– 0.7660-80 is a Reaction Area

Key Highlights Australian Dollar dived versus the US Dollar, as AUDUSD sellers have been aggressive lately. There is a major support at 0.7660-80 where buyers might fight to protect more losses. Earlier today, the Japanese Retail Trade released by the Ministry of Economy, Trade and Industry registered an increase of 5% in April 2015. AUDUSD – Technical Analysis ...
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AUDNZD Rebounds after Dipping Towards 100 MA

Key Highlights Aussie Dollar weakened against the New Zealand Dollar, but gained bids around the 100 MA (4H). There is a major resistance forming around 1.0750 where sellers are likely to appear. New Zealand Trade Balance released by the Statistics New Zealand posted a trade surplus of $123M, compared with the forecast of $100M in April 2015. AUDNZD – Technical Ana...
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AUDJPY Trend Overwhelmingly Negative as Japanese GDP Impresses

Key Highlights Japanese Yen managed to gain bids against a few major currencies, including the Australian Dollar. Japanese Gross Domestic Product released by the Cabinet Office posted an increase of 0.6% in Q1, compared to the forecast of 0.4%. Australian Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute increased by 6.4% ...
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AUDJPY – Australian Dollar Poised for Continued Strength

Key Highlights Australian Dollar enjoyed decent gains against the Japanese Yen, as the Australian Home Loans report exceeded the market expectation. Australian Home Loans released by the Australian Bureau of Statistics posted an increase of 1.6% in April 2015, compared to the forecast of a 1% rise. AUDJPY managed to settle above an important resistance area and looks se...
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