Tag Archives: EUR/AUD

Aussie Currencies Technicals

Bears continue to retain overall focus on the 2014 low as the AUD/USD dipped to fresh 6 month lows Friday and

Bears continue to retain overall focus on the 2014 low as the AUD/USD dipped to fresh 6 month lows Thursday before

The failure at the $0.9113 level on Tuesday has seen the AUD/USD correct sharply lower and

AUD/USD has again found support around the 61.8% Fibonacci support with the bounce so far capped by the low from Sept 10.

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

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.

The spike above the 200-DMA Thursday remained capped ahead of the $0.9229 resistance level before reversing lower with

The correction lower from last week’s brief pop above the $0.9400 level has now resulted in the first close below

The correction lower from last week’s brief pop above the $0.9400 level gathered momentum again Tuesday with

AUD/USD has been unable to capitalise on Friday’s close above the 55-DMA with the sell-off Monday seeing

Real GDP grew a solid 3.1% in the year to June 2014, close to the past two decade growth average of 3.3%.