Tag Archives: AUD/JPY

Aussie Currencies Technicals

Immediate pressure remains on the $0.8068 2010 low with bears favouring a break lower

Fresh 2014 and 4 ½ year lows see the AUD/USD hovering precariously above 2010 lows with

Following recent 2014 and 4 ½ year lows the AUD/USD continues to trade sideways with O/S daily studies and

Following recent 2014 and 4 ½ year lows the AUD/USD traded sideways to end last week with

Market focus will largely remain on the sharp decline in global oil prices and equity markets in the near term.

Rallies stalled ahead of the $0.8393 resistance level last week with pressure firmly on the 2014 and

US non-farm payrolls were stronger than expected on Friday night.

At the present time, the Australian economy appears to have strengthened a little.

The recent failed attempts at the 21-DMA resulted fresh 2014 and 4 year lows with the AUD/USD currently pausing at the Bollinger band base ($0.8518).

Another failed attempt to surmount the 21-DMA Monday combined with

Australia does an unusually large amount of Capital Expenditure for a rich and developed country – a land of opportunity!

The bounce from ahead of 2014 lows Thursday combined with the continuation higher Friday is hinting at shift higher in focus.