Tag Archives: AUD/USD

AUDUSD – bull hammer candle forming at major target zone

Aussie met all of our downside targets now after breaking last week’s bear flag (we took profits on the initial bear flag target at .9134).

The pair closed in NY at $0.9031 overnight after having traded a $0.8983-0.9049 range on the day.

The dip below $0.9000 to start the new week traded below the 61.8% Fibonacci support by a couple of pips before bouncing

EUR/USD: took out resistance above 1.2950-60 to a high of 1.2980 on a short squeeze in New York trading on Friday.

FX markets are mixed with outperformance from CAD, NZD, JPY and MXN and weakness from the Europeans and AUD.

EUR/USD is trying to bounce from its oversolddecline. However, the hourly resistance at

Today’s highlights: USDCAD’s extension above 1.1027/54 reinforces a larger base for

AUDUSD has fallen to 0.9012 in response to the weak China data. EURUSD is unchanged from

EURUSD: Today we can with a higher degree of certainty call for anupward reaction to have started.

Another day of losses for the AUD/USD today, as the currency fell to its lowest since March 20,

Business confidence near multi-year highs yet consumer confidence near multi-year lows.

The sell-off in the aussie cost the AUD/USD around 3.5c last week with the pressure currently on the $0.8984-95 support region.