AUDUSD Under Bearish Pressure

Key Highlights Aussie Dollar managed to climb higher recently against the US Dollar, but sellers managed to defend the upside. AUDUSD remains under bearish pressure and it is likely to continue trading lower. Australian Building Permits released by the Australian Bureau of Statistics declined by 8.2% in June 2015, which was a lot more than the market expected. Austral...
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Can AUD Sellers Keep the Momentum Going? – Below the 200

Key Highlights Aussie Dollar continued to weaken against the US Dollar, and it is likely to move lower in the near term. AUDUSD pair is following a nice bearish trend, which if holds might encourage sellers moving ahead. There was no real positive sign to note from the recently published RBA meeting minutes. New Zealand Visitor Arrivals released by the Statistics New ...
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Aussie Dollar Primed for Gains against Yen

Key Highlights Aussie Dollar traded higher versus the Japanese Yen, and looks set for more gains in the near term. Australian National Australia Bank Business Confidence released during the Asian session came in at 10, up from the previous revised reading of 8. Australian NAB Business conditions were also up from the last revised reading of 6 to 11 in June 2015. Aust...
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EURAUD Remains Elevated Post AUS Employment Report

Key Highlights Euro surged higher this week against the Aussie Dollar, as the latter one got hammered due to risk off sentiment. EURAUD climbed towards 1.4950-60 where it found sellers and currently correcting lower. Chinese Consumer Price Index is released by the National Bureau of Statistics of China remained flat at 0% in June 2015 whereas the market was expecting a ...
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AUDUSD Tumbles under 0.7400 as China’s Stocks Nosedived

Key Highlights Aussie Dollar is under bearish pressure, as Chinese stock market tumbled with China's Shanghai Composite Index falling 8%. AUDUSD traded to a new weekly low of 0.7391 and breached an important support area of 0.7400. In Japan, the Current Account released by the Ministry of Finance came in at ¥1,880.9B in May 2015, higher compared with the forecast of ¥...
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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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