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Recent Posts
- Trade Idea Wrap-up: USD/JPY – Hold long entered at 84.50
- Trade Idea: USD/CAD – Hold long entered at 1.0510
- ECB To Extend Full Allotment Of Refinancing Operations Towards Year-End
- EURUSD: Struggling To Recover Higher
- U.S. Recovery is Tracking Traditional Experience after Financial Crisis Induced Recessions
- Monthly Economic Outlook – August 2010
- Trade Idea Update: GBP/USD – Sell at 1.5470
- GBP/USD – Approaching Sell Zone
- FX Monthly – August 2010
- Trade Idea Update: USD/CHF – Sell at 1.0465
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AUD/USD Archive
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Trade Idea: AUD/USD – Sell at 0.9250
Posted on August 6, 2010 | No CommentsAs the Australian dollar has maintained a firm undertone, suggesting recent rise from 0.8066 low is still in progress and gain to 0.9185/90 (100% projection of 0.8315 to 0.8871 measuring from 0.8633 and 1.618 times projection of 0.8908-0.9044 measuring from 0.8965) and then 0.9220 is... -
Trade Idea: AUD/USD – Sell at 0.8850
Posted on July 9, 2010 | No CommentsAlthough aussie has maintained a firm undertone and marginal gain towards previous resistance at 0.8860 cannot be ruled out, however, as broad outlook is still consolidative, reckon upside would be limited to 0.8884 (61.8% Fibonacci retracement of wave A from 0.9389) and bring retreat later. View... -
AUDUSD: Bullish Momentum Set For The 0.8858 Level
Posted on July 9, 2010 | No CommentsAUDUSD: With a third day of upside momentum triggered off the 0.8315 level threatening further upside gains after climbing back above the 0.8500/65 zone on Wednesday, risks are now developing for a retarget of the 0.8858 level, its Jun 21′10 high. A decisive break and... -
AUDUSD: Immediate Risk Points To The Downside
Posted on July 5, 2010 | No CommentsWith AUDUSD turning back below the 0.8550/00 levels and creating a technical damage to its nearer term recovery off the 0.8065 level, its 2010 low, risk continues to point to the downside with eyes on its July 01’10 low at 0.8314. A respite may be... -
AUD/USD Avoids NFP Volatility; Stalking Correction Rally
Posted on July 2, 2010 | No CommentsToday, many USD and JPY pairs were volatile during the NFP release. However, AUD/USD did not, so it was unaffected by this event risk. The AUD/USD pair has corrected its downswing to 0.83 but has stalled at 0.85. Looking at the daily and 4H chart,... -
AUD/USD Looking at 0.81
Posted on July 1, 2010 | No CommentsThe AUD/USD slid sharply yesterday, paused during the previous Asian session, but started to slide again just ahead of the US session. The daily shows that a slide can find some support at 0.81, the previous low in June and May. Before that, we see... -
AUD/USD Elliott Wave Analysis
Posted on June 30, 2010 | No CommentsAussie’s anticipated retreat from 0.8860 (we entered short at 0.8800) adds credence to our view that the rebound from 0.8066 is the wave 2 of wave (C) and bearishness remains for further decline to 0.8369 (61.8% Fibonacci retracement of 0.8066 to 0.8860), however, a daily... -
AUD/USD Closes Gap
Posted on June 22, 2010 | No CommentsDaily and 4H: The AUD/USD is closing the gap that the market made during the opening of this week’s trading. Looking at the daily chart, the market was rejected from going above the 61.8% at 0.8885. The 4H chart shows a break below a rising... -
AUDUSD: Looks To Close Its Gap On Pullback
Posted on June 22, 2010 | No CommentsThough ending the week stronger on bullish momentum the past week, AUDUSD opened the new week gapping into the 0.8800 region on Monday and is presently seen threatening to close that gap after failing at the 0.8852 level.. Despite this hesitation, its nearer term recovery...