AUD/USD – Aussie Dollar Poised To Break 0.8000 Vs US Dollar

Key Highlights The Aussie Dollar made a nice upside move above 0.7900-0.7950 against the US Dollar. There is a crucial bullish trend line forming with support at 0.7950 on the 4-hours chart of AUD/USD. Australia’s Construction Work Done rose by 9.3% in Q2 2017, more than the forecast of 1%. Australia’s Building Permits declined by 1.7% (MoM), less than the for...
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AUDUSD – Aussie Dollar Forming Short-term Top Vs USD?

AUDUSD – Aussie Dollar Forming Short-term Top Vs USD? Key Highlights The Aussie dollar recovered well after trading as low as 0.7310 against the US Dollar. The AUDUSD pair is currently facing a major resistance near a couple of trend lines formed on the 4-hours at 0.7480-0.7500. Today in Australia, the Building Permits released by the Australian Bureau of Statisti...
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AUDUSD – Can Aussie Dollar Push Further Higher?

AUDUSD – Can Aussie Dollar Push Further Higher? Key Highlights The Aussie dollar continued to enjoy good gains against the US Dollar, as it settled above 0.7600. There is a major support trend line formed on the hourly chart of the AUDUSD pair, acting as buying area for the bulls. Today, the Australian Building Permits released by the Australian Bureau of Statisti...
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USDCAD – US Dollar at Potentially Significant Turning Point

USDCAD – US Dollar at Potentially Significant Turning Point Key Highlights The US Dollar recently traded as low as 1.30 against the Canadian dollar where it found buyers. Before the downside move, the USDCAD pair broke a support trend line on the 4-hours chart. Today, the US Personal Income will be released by the Bureau of Economic Analysis, Department of Commerc...
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EURUSD – Euro Following Bullish Channel Versus US Dollar

Key Highlights Euro started recovering well against the US Dollar, but it is heading towards a major resistance area. The EURUSD pair is currently following an ascending channel on the 4-hours chart, which is acting as a catalyst for the upside move. In the Euro Area today, the Producer Price Index (PPI) will be released by the Eurostat, which is forecasted to increa...
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AUDJPY – Risk of Further Losses In Aussie Dollar Vs Yen

AUDJPY - Risk of Further Losses In Aussie Dollar Vs Yen Key Highlights Aussie Dollar recently traded higher vs the Japanese yen, but the real question is whether it can continue to gain bids. There was a bearish trend line formed on the hourly chart of the AUDJPY pair, which was cleared by the bulls during the upside move. Australian Building Permits released by the...
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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 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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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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