Tag Archives: AUD/USD

AUD/USD Analysis

Aussie saw a quiet start to the morning today, as it opened at $0.9275 and spent the initial hours holding in a $0.9275 to $0.9280 range.

RBA keep rates steady Tuesday again noting “the most prudent course is likely to be a period of stability in interest rates”,

The NZD/USD managed to (once again) keep its headabove the 200-day moving average into the close, losing0.2% to sit at 0.8460.

AUD/USD traded at fresh 2 month lows to end the week before bouncing a little, only to remain capped ahead of initial resistance.

U.S. Review Economic Acceleration But Restraint Persists • The economy continues to show signs of acceleration this week,

Hard to see light in the middle of a storm Investors unshakable optimism gave out this week.

Considering the shifts in the global bond market (US 10‐year sub 2.40%, the German 10yr at 1.05%, global 10yrs all lower and

EUR/USD is holding the low implied byWednesday’s hammer. Coupled with theproximity of the key support at 1.3296, a shorttermrebound is likely.

Today’s highlights: USDJPY risk is seen lower towards 101.32, followed by 101.09/07.

In FX, flows into safe haven drove USDJPY to a low of 101.60 before rebounding 101.80.

Aussie has continued to drift lower since completing a 5-wave rally and a bearish geometric pattern at .9505.

The NZD/USD has traded a remarkably tight range overthe past 24-hours, despite large moves across the Tasman.