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.

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 [...]

Forex Daily Outlook – March 2nd 2010

The week began with a strong start, especially for the British Pound, which was knocked down. Today, more important events are awaiting us with rate decisions in Australia and Canada being in the limelight. Let’s see what’s up for today.
Australian action starts the day: Retail Sales made a nice leap last month, rising by 2.2%, [...]

Forex Daily Outlook – March 1st 2010

The first day of March brings a busy calendar which isn’t typical for Mondays. Canadian GDP, European Unemployment Rate and American ISM Manufacturing PMI will stand out today.
As time goes by this week, trading will be more and more influenced by the tension towards the Non-Farm Payrolls. I suggest being careful with this event. OK, [...]

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 [...]

Forex Daily Outlook – February 18th 2010

Yet another busy day expects traders: a rate decision in Japan, American PPI, and American jobless claims stand out. There are many other events as well.
The Greek crisis is fading away. EUR/USD isn’t the only pair to enjoy this. Also commodity currencies are on the rise, enjoying risk appetite trading. There are no releases today [...]

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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