AUD/USD Could Recover Sharply If It Breaks 0.6820

Key Highlights Recently, the Aussie Dollar corrected higher from 0.6676 (multi-year low) against the US Dollar. AUD/USD traded above a key bearish trend line at 0.6780 on the 4-hours chart.EUR/USD and GBP/USD remain in a bearish zone below key resistances.The US Existing Home Sales is likely to increase 2.5% in July 2019 (MoM). AUD/USD Technical Analysis Earlier this ...
Read More

AUD/USD – Aussie Dollar Holding Crucial Support Vs US Dollar

Key Highlights The Aussie Dollar corrected from the 0.8142 level against the US Dollar towards 0.7950. A crucial bullish trend line with current support at 0.7945 on the 4-hours chart of AUD/USD prevented further declines. The Reserve Bank of Australia (RBA) minutes from the 5th Sep 2017 meeting pointed concerns over the rise in the Australian Dollar. Australia’...
Read More

AUD/USD – Is This a Major Break in Aussie To US Dollar?

Key Highlights The Aussie Dollar traded above 0.7750 against the US Dollar with back to back daily gains. The AUD/USD pair is now positioned well above a crucial resistance zone of 0.7740. Today in Australia, the New Motor Vehicle Sales for June 2017 released by the Australian Bureau of Statistics posted an increase of (MoM). Today’s main event is in the UK, i.e...
Read More

AUD/USD – RBA Aftermath and Impact on Aussie Dollar

Key Highlights The Aussie Dollar remains above a major support area at 0.7560 against the US Dollar. There is an important bullish trend line forming with current support as 0.7565 on the 4-hours chart of AUD/USD. The minutes of the Reserve Bank of Australia meetings released today had no major negative impact on the Aussie Dollar. The Australian House Price Index...
Read More

AUDJPY – Aussie Dollar Establishing Downtrend Vs Japanese Yen

AUDJPY – Aussie Dollar Establishing Downtrend Vs Japanese Yen Key Highlights The Aussie dollar traded sharply lower against the Japanese yen, and broke the 86.00 support. There was a crucial bullish trend line on the 4-hours chart of AUDJPY, which was broken at 85.80 to ignite a downside move. In Australia today, the minutes of the Reserve Bank of Australia meetin...
Read More

AUDUSD – Aussie Dollar Breakdown Looks Like Real

AUDUSD – Aussie Dollar Breakdown Looks Like Real Deal Key Highlights The Aussie dollar traded lower and broke the 0.7600 support area against the US Dollar. There was a bullish trend line formed on the 4-hours chart of AUDUSD, which was broken to clear the way for 0.7500. The minutes of the Reserve Bank of Australia meetings were published, which failed to help th...
Read More

AUDUSD – Aussie Dollar Faces Monster Resistance On Upside

Key Highlights The Aussie dollar is trading positively versus the US Dollar, but faces a major resistance at 0.7700. There is a major bearish trend line on the daily chart of AUDUSD, which may stop the upside move. Today, the New Motor Vehicle Sales released by the Australian Bureau of Statistics posted a rise of 0.8% in Sep 2016. The minutes of the Reserve Bank o...
Read More

AUDUSD – Aussie Dollar Approaching Crucial Resistance

AUDUSD – Aussie Dollar Approaching Crucial Resistance Key Highlights The Aussie dollar recently crawled above the 0.7500 resistance area against the US Dollar. The AUDUSD pair also managed to clear a minor bearish trend line formed on the 4-hours chart. Today, the Australian House Price Index released by the Australian Bureau of Statistics posted a rise of 2% in Q...
Read More

AUDUSD – Downside Pressure Remain Intact On Aussie Dollar

AUDUSD – Downside Pressure Remain Intact On Aussie Dollar Key Highlights Aussie dollar started the week on a negative note against the US Dollar and may continue to weaken. The AUDUSD pair is currently following a bearish trend line on the hourly chart, which is acting as a resistance. The Australian New Motor Vehicle Sales released by the Australian Bureau of Sta...
Read More