AUD/USD Strong After Job Figures
Despite unexciting job figures from Australia, the Aussie held the higher range it broke to earlier this week. The strength continues. Here’s an update on AUD/USD.
Only 200 jobs were gained in Australia in the month of February. This fell short of expectations that stood on 15,700 jobs. Australia’s Unemployment Rate remained unchanged at 5.3%, exactly [...]
AUD/USD Breaking to Higher Ground
The market took its time to digest last week’s good Australian news, but now it finally made the break above the stubborn resistance line. Update on this strong currency.
AUD/USD finally broke above the stubborn resistance line of 0.9090 for the first time after 6 weeks. The pair currently trades at 0.9130, settling above the line.
AUD/USD Outlook – March 8-12
With interest rate rising to 4%, the Aussie continued north. Australia’s employment figures will be watched this week, among other releases. Here’s an outlook for the Australian events and an updated technical analysis for AUD/USD.
AUD/USD graph with support and resistance lines on it. Click to enlarge:
The Aussie hardly felt the American Non-Farm Payrolls. This shows [...]
Aussie Rides the Rate Hike
The Australian dollar enjoyed the rate hike and approached a technical resistance line. A break of this line depends mostly on the upcoming GDP. Update on technicals and fundamentals of this strong currency.
The Reserve Bank of Australia lifted the interest rate for the fourth time since the outbreak of the financial crisis. Australia’s Cash Rate [...]
AUD/USD Outlook – March 1-5 2010
The Aussie finished lower this week, suffering from risk aversive trading. The upcoming week is busy also in Australia, with a rare combination of a rate decision and GDP day after day. Here’s an outlook for the 13 Australian events, and an updated technical analysis for AUD/USD.
AUD/USD chart with support and resistance lines marked. Click [...]
AUD/USD Outlook – February 22-26
The Aussie enjoyed talks about future rate hikes to make gains this week, despite Bernanke’s mini-rate hike. The upcoming week contains a few quarterly releases that will move the Australian dollar. Here’s an outlook for the Aussie and an updated technical analysis for AUD/USD.
AUD/USD graph with support and resistance lines marked. Click to enlarge:
Another reason [...]
AUD/USD Outlook – February 15-19
The Aussie finally enjoyed a good week and made some gains. The upcoming week contains lots of important speeches that will shape the direction of the Aussie. Here’s an outlook for this week’s 7 Australian events and and updated technical analysis for AUD/USD.
AUD/USD graph with resistance and support lines marked. Click to enlarge:
Australian employment figures [...]
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