Tag Archives: EUR/AUD

Aussie Currencies Technicals

The failed rally that ran out of steam at the Bollinger band top Thursday is a concern for bulls in that it failed to test the 2014 high and

A key factor driving house prices has been natural demand from a rapidly growing population.

The failed rally is a concern for bulls in that it failed to test the 2014 high and was followed up with a close back below the 21-DMA on Friday.

The initial move higher Thursday struggled at the Bollinger band top before drifting back towards the 21-DMA.

Wednesday’s rally and bullish close ends bearish hopes and sees immediate focus shift to the 2014 high at $0.9505 with

The AUD has been well supported recently, irrespective of rising risk aversion.

AUD/USD managed a spike above the 21-DMA Tuesday but has so far lacked follow through with the pair closing marginally below the 21-DMA ($0.9396).

The $0.9322 support confirmed its significance last week with the AUD/USD having bounced from ahead of this level on Wednesday and Friday.

The quarterly inflation print is the most important statistic for financial markets in Australia.

The $0.9322 support confirmed its significance last with the AUD/USD having bounced from ahead of this level on Wednesday and Friday.

In a note to clients, BNP Paribas recommends a couple of trading strategies to trade the EUR from the short side during the second half of the year.

The recovery from ahead of the key $0.9322 support continued on Thursday with the aussie having found support at the 55-DMA but