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Thread: AUD/USD Analysis

  1. #1
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    AUD/USD Analysis

    AUD/USD – Drops to Multi-Year Low Near 0.85
    Wed, Nov 26 2014, 01:08 GMT

    The Australian dollar hasn’t had a great last week as it has dropped sharply and in the last 24 hours moved down to a new multi-year low near 0.85. To start this new week it rallied back above 0.8650 again before falling lower in the last couple of days. In the week prior the Australian dollar was able to rally higher and bounce off multi year lows around 0.8550 and in doing so has moved back within the previously well established trading range between 0.8650 and 0.88. Earlier last week the Australian dollar ran into the resistance level at 0.88 again which stood tall and sent prices lower again. A few weeks ago it fell sharply from above the resistance level at 0.88 back down to the support level of 0.8650 before crashing further to a new multi-year high near 0.8550. During the last couple of months the Australian dollar has done well to stop the bleeding and trade within this range after experiencing a sharp decline throughout September which saw it move from close to 0.94 down to below 0.8650 and a then eight month low in the process. The resistance level at 0.88 remains a factor and is continuing to place downwards pressure on price, however more recently all eyes have turned on to the support level at 0.8650 to see if the Australian dollar can hold on and stay within reach again.

    Back at the beginning of September the Australian dollar showed some positive signs as it surged higher again bouncing off support below 0.93 and reaching a new four week high around 0.94 however that all now seems a distant memory. The Australian dollar reached a three week high just shy of 0.9480 at the end of July after it enjoyed a solid period which saw it surge higher through the resistance level at 0.9425 to the three week around 0.9480, before easing back towards that level. The Australian dollar enjoyed a solid surge higher reaching a new eight month high above 0.95 at the end of June, only to return most of its gains in very quick time to finish out that week. Since the middle of June the Australian dollar has made repeated attempts to break through the resistance level around 0.9425, however despite its best efforts it was rejected every time as the key level continued to stand tall, even though it has allowed the small excursion to above 0.95.

    After the Australian dollar had enjoyed a solid surge in the first couple of weeks of June which returned it to the resistance level around 0.9425, it then fell sharply away from this level back to a one week low around 0.9330 before rallying higher yet again. Its recent surge higher to the resistance level around 0.9425 was after spending a couple of weeks at the end of May trading near and finding support at 0.9220. Throughout April and into May the Australian dollar drifted lower from resistance just below 0.95 after reaching a six month high in that area and down to the recent key level at 0.93 before falling lower. During this similar period the 0.93 level has become very significant as it has provided stiff resistance for some time. The Australian dollar appeared to be well settled around 0.93 which has illustrated the strong resurgence it has experienced throughout this year.

    Abundant supply is driving commodity prices lower, but the good news is that Chinese demand for Australian resources will continue as its economy evolves, the Reserve Bank says. A dramatic increase in commodity exports from Australia and other countries has increased global supply, pushing commodity prices down, RBA head of economic analysis Alexandra Heath said. Her comments to the NSW Mining Industry and Suppliers Conference in Sydney on Friday came after the iron ore spot price this week fell to a fresh five year low of around $US70 per tonne. “Much of the fall in iron ore and coal prices we have seen over the past year or so is the result of increasing global supply, but recently there has also been some easing in demand associated with slower growth in Chinese steel production,” Dr Heath said. “The resulting fall in Australia’s terms of trade is expected to weigh on household income.” But while demand from China was slowing, it would continue to have a “huge appetite” for commodities of many kinds, she said. Dr Heath said China’s urbanisation process had some way further to run, meaning demand for commodities to build housing, infrastructure, utilities and public buildings.

    -http://www.fxstreet.com/analysis/technical-analysis-forex/2014/11/26/

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    Last edited by Gamer; 12-22-2016 at 09:30 AM.

  2. #21
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    AUD/USD drops on China woes

    The Aussie shaved off previous gains versus the US counterpart, and edged lower after crashing Chinese stocks and cooling property markets reinforced slowdown concerns in the world’s second largest economy.

    Currently, the AUD/USD traded lower by -0.22% at 0.8210 levels, having clocked day’s high at 0.8244 levels and day’s low at 0.8196 levels earlier in the session. The continuing slump in the Chinese property markets and falling equities reignited concerns over slower growth in China, clouding outlook over country’s external demand which weighed on the Aussie. China is Australia’s largest trading partner.

    AUD/USD Technical Levels

    The pair has an immediate resistance at 0.8255 (Jan 12 High) levels, above which gains could be extended to 0.8275 (Dec 16 High) levels. On the flip side, support is seen at 0.8166 (Jan 16 Low), from here it to 0.8130 levels.

    from_http://www.fxstreet.com/news/forex-news/article.aspx?storyid=f9b16f29-634e-45cb-b9d3-3a36d1266657

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  3. #22
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    indeed you're correct audusd such as a few opportunity to help to make revenue along with marketplace in the event that investors help to make their own industry along with correct stage plus they help to make achievement plus they cannot shed within buying and selling so it's should with regard to investor he help to make achievement whenever he or she adhere to the marketplace conditions as well as developments,

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  4. #23
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    AUD/USD posts fresh 2-Week Lows, trades below 0.81 handle

    The Aussie continued its descent for the fourth straight session after disappointing Oz data continued to weigh on the market sentiments.

    Currently, the AUD/USD traded at 0.8063 levels, down -0.27% on the day. The AUD/USD pair inched lower on easing inflation expectations after MI inflation expectations showed a decline to 3.2% in December from 3.4% in November. While, HIA new home sales showed a 2.2% rise in December against a gain of 3.0% in November.

    Meanwhile, AUD/USD may remain pressured as the USD gains against major currencies ahead of European Central Bank (ECB) meeting later today.

    AUD/USD Technical Levels

    The pair has an immediate resistance at 0.8104 (Today’s High) levels, above which gains could be extended to 0.8132 levels. On the flip side, support is seen at 0.8034 from here it to 0.80 levels.

    from_http://www.fxstreet.com/news/forex-news/article.aspx?storyid=362ed886-7b9d-4dda-a4aa-622a73fb0572

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  5. #24
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    AUD/USD hovers close to fresh 5-1/2 yr lows
    Mon, Jan 26 2015, 03:48 GMT | FXStreet

    AUD/USD fell to its lowest in more than five years, breaking below the 0.79 threshold on increasing bets that the Reserve Bank of Australia (RBA) may slash interest rates even further this year as declining price pressures continue to weigh on the Aussie.

    Currently, the AUD/USD traded at 0.7878 levels, down -0.38% on the day, pulling away from fresh five and a half year lows posted at 0.7859 levels earlier in the session. The Aussie pair extended losses as diverging policy outlooks of the US Federal Reserve (Fed) and the RBA placed greater strength on the greenback.

    Moreover, falling oil and industrial metals prices continued to exert additional pressure on the commodity currency.

    AUD/USD Technical Levels

    The pair has an immediate resistance at 0.7906 levels, above which gains could be extended to 0.7940 levels. On the flip side, support is seen at 0.7859 from here it to 0.7820 levels.

    from_http://www.fxstreet.com/news/forex-news/article.aspx?storyid=620a7df9-b1ff-4977-950a-25ef6d3134be

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  6. #25
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    AUD/USD extends recovery
    Tue, Jan 27 2015, 10:11 GMT

    AUD/USD remains in recovery mode on Tuesday, edging slowly higher for a second day, after hitting a fresh 5 ½-year low at the weekly opening.

    AUD/USD received a boost during the European session and jumped half a cent to touch a 4-day high of 0.7967 before losing momentum. At time of writing, the pair is trading at 0.7950, up 0.34% on the day, with immediate resistance at the 0.8000/04 zone (psychological level/100-hour SMA).

    The US dollar is broadly softer across the board, save the franc, as investors await the FOMC monetary policy decision to be published on Wednesday. It remains to be seen how the Fed will respond to latest rates cut and easing measures by major central banks and if it maintains its current path.

    from_http://www.fxstreet.com/news/forex-news/article.aspx?storyid=304a50d4-364d-480e-8666-37c61fab9735

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  7. #26
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    AUD/USD Back Near 0.80 after CPI
    Wed, Jan 28 2015, 02:32 GMT

    Australia’s dollar rose against all its major counterparts after a report showed the nation’s underlying inflation accelerated. Singapore’s dollar tumbled after its central bank unexpectedly eased the slope of its currency band. The greenback rallied from its biggest loss against the euro since October before the Federal Reserve sets policy today. The dollar slid Tuesday after U.S. durable-goods orders unexpectedly decreased and corporate results fell short of analyst expectations.

    “There was talk of a rate cut next week, so the solid CPI numbers have significantly reduced that possibility, supporting the Australian dollar,” said Koji Fukaya, chief executive officer and currency strategist at FPG Securities Co. in Tokyo.

    The Aussie gained 0.9 percent to 80.06 U.S. cents at 10:08 a.m. in Tokyo. It touched 78.55 cents on Jan. 26, the least since July 2009. Singapore’s currency dropped 0.8 percent to S$1.3502 per U.S. dollar, headed for the biggest decline since February 2012.

    from_http://www.fxstreet.com/analysis/forex-news-round-up/2015/01/28/04/

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  8. #27
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    [lang=ar]Although tha bad data we had at the start of today we find that this pair went up to a good levels . at 7800 so we may fin taht it is a good chance to trade selling from these points aims the price may reach 100 pips down to 77 for there are strong American data


    AUDUSDH1.png[/lang]

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  9. #28
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    AUD/USD heading towards 0.7700 – UOB
    Thu, Jan 29 2015, 05:05 GMT

    FXStreet (Barcelona) - Analysts at UOB Group expect AUD/USD's 0.7850 support to eventually break and lead the pair lower towards 0.7700 levels.

    Key Quotes

    “The stronger than expected Australian inflation data sent the AUD soaring to a high of 0.8026. The trailing-stop for our bearish view at 0.8060 is intact and the subsequent sharp drop from the high suggests that the next bearish down-leg has started. That said, 0.7850 is a strong support but we expect this level to break eventually for a move towards our target at 0.7700.”

    from_http://www.fxstreet.com/news/forex-news/article.aspx?storyid=b45d8406-bfcb-44d5-9dfc-824505343a9c

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  10. #29
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    aud today there are important news with high impact Building Approvals m/m, Trade Balance, Cash Rate and RBA Rate Statement. I observed aud very extreme and significant moves in a large range. after the price broke through the trend line, the price goes down, and the bearish trend is very strong


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  11. #30
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    indeed you're correct audusd such as a few opportunity to help to make revenue along with marketplace in the event that investors help to make their own industry along with correct stage plus they help to make achievement plus they cannot shed within buying and selling so it's should with regard to investor he help to make achievement whenever he or she adhere to the marketplace conditions as well as developments,

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