AUDNZD – Next Leg Lower Underway?

Key Highlights Aussie Dollar looks like struggling against the New Zealand Dollar, and might continue to trade lower. 0970 holds the key for more losses, as a break below it might call for more downsides. Australian Building Permits released by the Australian Bureau of Statistics declined by 6.9% in August 2015, compared with the forecast of a 2% decline. AUDNZD Tech...
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AUDUSD – Australian Dollar Breakdown a Real Deal?

Key Highlights Aussie Dollar after failing miserably around the 0.7280 level traded lower against the US Dollar. The AUDUSD pair broke a major support trend line, which ignited a sharp downside reaction. Australian House Price Index released by the Australian Bureau of Statistics increased by 4.7% in the second quarter of 2015, compared with the preceding quarter. AU...
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AUDUSD – Aussie Dollar at Clear Risk of a Break

Key Highlights Aussie Dollar after trading near the 0.6900 support area against the US Dollar managed to gain buyers. AUDUSD is currently making an attempt to trade higher and looks poised for a break. Australian National Australia Bank Business Confidence posted a decline from the last reading of 4 to 1 in August 2015. Chinese Trade Balance released by the General Ad...
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AUDJPY – 85.00-40 Is Crucial Juncture for Aussie Dollar

Key Highlights Aussie Dollar after trading lower towards 83.60 against the Japanese Yen managed to gain buyers, and currently making an attempt to correct higher. There is a major resistance area formed around 85.00-40 where sellers might step in. Australian Retail Sales released by the Australian Bureau of Statistics decreased by 0.1% in July 2015, compared with the ex...
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AUDUSD Trading at Critical Juncture

Key Highlights Aussie Dollar after getting hammered against the US Dollar managed to gain bids around the 0.7080 support area. AUDUSD recovered well, but facing an important resistance around the 0.7140 area. In Australia, the AiG performance of the Mfg Index released by the Australian Industry Group registered a rise from the last reading of 50.4 to 51.7 in August 2015...
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AUDUSD – Can it Retain Bids?

Key Highlights The Aussie Dollar was crushed during the recent volatility in the Forex market with the US Dollar gaining against a few major currencies. AUDUSD traded towards 0.70 where it found buyers for a push higher. Conference Board Australia leading Index released by the Conference Board declined by 0.2% in June 2015, compared with the last increase of 0.2%. Con...
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AUDJPY to Remain Under Pressure Around 91.20-40

Key Highlights Australian Dollar remains in a downtrend, and might continue to weaken against the Japanese Yen in the short term. There are many hurdles for buyers around 91.20-40, stalling the upside in the AUDJPY pair. Australian Foreign Exchange Transaction released by the Reserve Bank of Australia came in at 674M, which was lower compared with the last 2,922M. Jap...
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AUDUSD Poised For a Break

Key Highlights Aussie Dollar after trading close to the 0.7400 area against the US Dollar found resistance and traded lower. In the US, the retail sales published by the US Census Bureau posted an increase of 0.6% in July 2015, compared to the expectation of a 0.5% rise. US Initial Jobless Claims released by the US Department of Labor posted a rise from the last reading...
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AUDJPY Looks Set To Gain Pace

Key Highlights Aussie Dollar traded higher against the Japanese Yen, and might continue to move in the near term. Japanese New orders, released by the Cabinet Office registered an increase of 16.6% in June 2015 whereas the expectation was of 16.4%. In New Zealand, the Business NZ PMI released by the Business NZ declined to 53.5 from the last revised reading of 55.1. I...
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AUDUSD Rebounds after Dipping Towards 0.7260

Key Highlights Aussie Dollar looks like found support around 0.7260 and positioning for more gains moving ahead. Australian trade balance released by the Australian Bureau of Statistics posted a deficit of -2,933M in June 2015, whereas the market was expecting -3,100M. Australian Retail Sales also posted a better than expected reading, as it rose by 0.7% in June 2015, c...
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