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AUDUSD

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Technical Analysis – AUDUSD consolidates ahead of RBA policy meeting

Posted on February 3, 2014 at 9:53 am GMT

AUDUSD has been range- bound since reaching a more-than 3-year low of 0.8659 on January 24. The pair is consolidating ahead of a key risk event on Tuesday, when the Reserve Bank of Australia is expected to keep rates on hold. The reduction of easing expectations is keeping the pair supported above this 0.8659 level. Resistance at 0.8825 is keeping the pair capped for now. The daily chart shows a bearish bias as prices headed lower since the October 23 [..]

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Technical Analysis – AUDUSD carves out lower peak on monthly

Posted on January 16, 2014 at 10:34 am GMT

AUDUSD tumbled to a new 3-1/2 year low in the aftermath of dismal Australian jobs data on Thursday. Job creation declined by 22,600 last month, following November’s revised 15,400 gain, missing forecasts for a 7,500 increase. Bearish sentiment in the pair remains strong.  Since October 2013, AUDUSD has been consistently carving out lower peaks and lower troughs. There was consolidation between December 18, 2013 and January 10, 2014, then a retracement to 0.9085 last week. Since then, the pair resumed [..]

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Technical Analysis – AUDUSD 4-hourly: Near December’s 3-year low – are fresh lows ahead?

Posted on January 8, 2014 at 10:31 am GMT

[caption id="attachment_12379" align="alignnone" width="550"] (click to enlarge)[/caption] The Australian dollar was one of the weakest currencies of 2013, dropping 14.2% against its US counterpart.  Worries of overvaluation, verbal intervention by the Reserve Bank of Australia to drive the aussie lower and some growth scares out of China, all contributed to push the currency down despite robust economic growth down under. The ausssie made a fresh 3-year low on December 18 at 0.8819.  This also represents the pair’s immediate support level, [..]

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Technical Analysis – AUDUSD 4-hourly: Aussie looking for a short-term bottom at 0.90

Posted on December 10, 2013 at 10:37 am GMT

[caption id="attachment_11955" align="alignnone" width="550"] (click to enlarge)[/caption] The Australian dollar has been in a downtrend against the US dollar for most of 2013, a year during which it is down 12.37% against the greenback. In its latest downturn, it dropped from around 0.9450 of November 20 to a low of 0.90 on December 4.  It has since been trying to stage a recovery by rising to around 0.91. During this move, the short-term indicators have turned positive.  Current price action [..]

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Technical Analysis – AUDUSD hovers at 50% Fib retracement of Aug-Oct advance

Posted on November 14, 2013 at 9:18 am GMT

AUDUSD is contained below the 200-day moving average and above  the 100-day moving average as seen on the daily chart. After advancing from the end of August low of 0.8891 to the October 23 high of 0.9756, the AUDUSD has retraced 50% of this move and is hovering just below the 50% Fibonacci retracement level of 0.9314. The pair has swung to the downside, where support is seen at 0.9265, provided by the November 12 low and the 100-day moving [..]

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