AUD/USD Trading in a Perfect Range

The Aussie is trading in quite a fix range. Too conflicting forces keep it between the technical barriers. Taking a midweek view, AUD/USD  continues to be a very predictable pair. The Aussie The Australian economy never dipped into recession. It had only one quarter of contraction in a very bad period for the world. Today’s [...]

AUD/USD Broke Upwards As Expected

AUD/USD broke the narrowing channel I was talking about two days ago and made an upward break. Very close to the end of the week, it trades higher and aims for new targets. AUD/USD long is live and kicking. On March 11th, I wrote that AUD/USD is squeezed in a narrowing channel, and that the [...]

Forex Daily Outlook – March 11th 2009

Wednesday features economic indicators from all over the globe, with British Trade Balance, Federal Budget Balance, Final GDP from Japan and a rate decision in New Zealand as the top indicators.  Australia starts the day with the important figure of Home Loans expected to rise by 4%, less than 6.4% in the previous month. In [...]

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