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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Aussie Dollar Sell-off Could Continue Ahead of RBA Decision

Key Highlights Aussie Dollar/Japanese Yen exchange rate is trading around a crucial support area. Australian Building Permits released by the Australian Bureau of Statistics registered an increase of 2.8% in March 2015, compared to the preceding month. A sharp decline in AUDJPY stalled around an important support trend line that might act as a catalyst moving ahead. ...
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Aussie Dollar Remains in Clear Uptrend versus US Dollar

Key Highlights Aussie dollar rocketed higher against the US dollar and traded close the 0.8000-40 resistance area. AUDUSD is correcting lower towards 0.7950 where it might find buyers. US Gross Domestic Product Annualized will be released by the US Bureau of Economic Analysis today, which is expected to increase by 1% in Q1 2015. Technical Analysis The AUDUSD pair...
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AUDUSD Targets Fresh Highs

Key Highlights Aussie dollar was seen gaining bids against the US dollar, as the Australian CPI release came in line with the forecast. Australian Consumer Price Index released by the RBA and republished by the Australian Bureau of Statistics posted a rise of 0.2% in the first quarter of 2015. AUDUSD found support around 0.7700 recently and traded higher. Australian ...
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AUDNZD Likely To Weaken as Sellers Step In

Key Highlights Aussie dollar is following a nice bearish trend against the New Zealand dollar and likely to weaken further. The meeting minutes of the Reserve Bank of Australia will be released in the upcoming Asian session, which might cause moves in AUDNZD. AUDNZD has a major support at 1.0085 and resistance ahead at 1.0120. Technical Analysis The Aussie dollar ...
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Aussie Dollar Surges as Employment Report Beats Forecast

Key Highlights Aussie dollar climbed sharply higher during the Asian session as the employment report released in Australia exceeded the market expectation. Australian Employment Change released by the Australian Bureau of Statistics posted an increase of 37.7K, compared to the forecast of 15K in March 2015. Australian unemployment rate dropped to 6.1% in March whereas ...
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