Tag Archives: AUD/USD

The Global Macro Pulse

AUDUSD dipped to 0.8223 and EURUSD softened to 1.2438,

AUD remains weak after Monday’s dramatic hostage situation in the Sydney CBD,

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

Crude oil fell to fresh lows, the German 10‐year drops to fresh record lows

EUR/USD weakened yesterday. However, as long as the support at 1.2362 holds,

Today’s highlights: EURUSD continues to try and build a near-term base.

As oil prices fell further, oil currencies have underperformed.

The pair traded in a narrow range Friday with just a $0.8241 to $0.8282 range so far in Asia.

The NZD surged higher after the RBNZ meeting yesterday morning,

EUR/USD has moved above the hourly resistance at 1.2456 (see also the declining trendline),

Today’s highlights: EURUSD appears to be forming a bull “wedge”,