Can AUD/USD Recover Further Above 0.7500?

Key Highlights The Aussie Dollar recovered after forming a decent support near 0.7300-0.7310 against the US Dollar. There was a break above a major bearish trend line with resistance at 0.7395 on the 4-hours chart of AUD/USD. Australia’s Home Loans figure in May 2018 increased 1.1%, compared with the forecast of -1.9%. Today in the US, the PPI figure for June 20...
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AUD/USD – Aussie Dollar Breaks Key Resistance Vs US Dollar

Key Highlights The Aussie Dollar after forming a bottom, traded higher and broke a major resistance at 0.7800 against the US Dollar. There was a break above a crucial bearish trend line at 0.7800 on the 4-hours chart of AUD/USD. Australia’s Home Loans in August 2017 increased 1%, more than the forecast of +0.5%. Today in the US, the Initial Jobless Claims (Oct 7...
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AUD/USD – Aussie Dollar Riding Downtrend Channel Vs US Dollar

Key Highlights The Aussie Dollar failed to hold the 0.8000 level against the US Dollar and moved down. The AUD/USD pair is currently following a descending channel with resistance at 0.7900 on the 4-hours chart. Australia’s Home Loans in June 2017 increased by 0.5%, less than the forecast of 1.5%. Australia’s Westpac Consumer Confidence for August 2017 decline...
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EURUSD – Euro Remains Under Pressure Vs US Dollar

EURUSD – Euro Remains Under Pressure Vs US Dollar Key Highlights The Euro declined recently against the US Dollar, and it looks like there are chances of more losses. There are a few important resistance areas on the upside for the EURUSD pair, acting as a hurdle for the buyers. Today, the Italian Industrial Output will be released by the National Institute of Sta...
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USDJPY – US Dollar Bulls Remain In Control Vs Japanese Yen

USDJPY – US Dollar Bulls Remain In Control Vs Japanese Yen Key Highlights             US dollar traded higher recently vs the Japanese yen, and broke a major resistance area of 107.80-108.00. The USDJPY pair is currently trading with a bullish sentiment, but may face sellers near 109.50-80. In Japan today, the Leading Economic Index will be released by t...
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AUDJPY Slow and Steady Downtrend

AUDJPY Slow and Steady Downtrend Key Highlights             Aussie Dollar continued to weaken not only against the US Dollar but also against the Japanese Yen. AUDJPY retested a broken trend line on two occasions, but failed to overtake it. Australian Home Loans released by the Australian Bureau of Statistics posted a reading of +1.8% in November 2015, com...
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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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