01 March, 2017 by Aayush Jindal in Market Analysis
The Aussie dollar remained below 0.7700 against the US Dollar, and broke 0.7670.
The AUDUSD pair moved below a monster support area at 0.7670, formed with two bullish trend lines on the 4-hours chart.
Today in Australia, the Gross Domestic Product for Q4 2016 released by the Australian Bureau of Statistics posted an increase of 1.1%.
The yearly chan...
07 December, 2016 by Aayush Jindal in Fundamental Analysis, Market Analysis, NZDUSD, Technical Analysis
NZDUSD – Can Kiwi Dollar Surpass 0.7160 Resistance Vs USD?
The New Zealand Dollar managed to stay in an uptrend against the US Dollar with support at 0.7080.
There is a crucial bullish trend line formed on the 4-hours chart of NZDUSD, which may act as a support if the pair moves down.
The pair is well above the 100 simple moving average on the same ...
07 September, 2016 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis
AUDJPY – Aussie Dollar Trend Overwhelmingly Bearish Vs Japanese Yen
The Aussie dollar after a solid uptrend versus the Japanese yen, started moving down sharply.
There was a monster bullish trend line formed on the hourly chart of the AUDJPY pair, which was broken during the recent downside move.
Today in Australia, the Gross Domestic Product was re...