AUDJPY Trend Line Break Near?

Key Highlights Aussie dollar fell sharply against the Japanese yen, as the latter one gained a lot of buyers recently. Australian National Australia Bank Business Confidence released today came in at 3 in March 2015, up from the last reading of 0. AUDJPY has a major support around 91.00-90.80, which if breached could open the doors for more downsides. Technical Analy...
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AUDUSD Gains As RBA Holds Interest Rate

Key Highlights Aussie dollar surges higher against the US dollar, as the RBA kept the interest rates at 2.25%. AUDUSD cleared a critical resistance area to open the doors for more gains moving ahead. Australian Retail Sales released by the Australian Bureau of Statistics increased by 0.7% in February 2015, compared to the forecast of 0.4%. RBA Interest Rate Decision ...
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AUDUSD Eyeing A Short Term Break

Key Highlights Aussie dollar was seen trading lower against the US dollar, but there is a hope of a correction. Today, the Australian trade balance report was released by the Australian Bureau of Statistics, which posted a trade deficit of -1,256M in February 2015, compared to the forecast of -1,300M. AUDUSD correcting higher and testing an important swing resistance ar...
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AUDUSD Upside Bias Remains Vulnerable Around 0.7720

Key Highlights Aussie dollar surged higher recently, but failed around a monster resistance to trade back lower in the near term. Reserve Bank of Australia Governor Stevens spoke in front of the American Chamber of Commerce in Australia during the Asian session, which helped AUDUSD to hold the ground. AUDUSD has a major resistance on the upside at 0.7720. RBA Steven...
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AUDUSD Under Pressure As Home Loans Decline In Australia

Key Highlights Aussie dollar was seen under pressure against the US dollar and other major currencies, as recent economic releases in Australian were disappointing. Australian Home Loans report was released by the Australian Bureau of Statistics, which posted a decline of 3.5% in January 2015, compared to the preceding month. Australian investment lending for homes also...
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AUDUSD Breaks Down; US AND EURO ISM Manufacturing PMIs Next

Key Highlights Australian dollar suffered losses recently against the US dollar and cleared an important support area. Australian AIG performance of the Mfg. Index was released by the Australian Industry Group, which registered a decline from 49 to 45.4. Australian Company Gross Operating Profits released by the Australian Bureau of Statistics declined by 0.2% in the fo...
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AUDUSD Nosedives As RBA Rate Surprises With A Rate Cut

Key Highlights RBA Interest Rate Decision announced by the Reserve Bank of Australia surprised the Forex market, as the central bank decided to reduce cash rate by 25 basis points to 2.25 percent. Australian dollar reacted sharply after the announcement and plunged by more than 100 pips. Australian trade balance was released by the Australian Bureau of Statistics, which...
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Encouraging AIG Performance Index Fails To Lift AUD

Key Highlights Australian AIG performance of the manufacturing Index released by the Australian Industry Group increased from 46.9 to 49.0 in January 2015. Australian TD Securities Inflation was also released by The University of Melbourne - Faculty of Economics and Commerce, which registered an increase of 0.1% in January. AUDUSD failed to trade higher and struggled to...
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