Technical Tip – AUD/USD Bullish Flag Pattern
March 7, 2011 1:25 pm by Russell GlaserThe Aussie dollar looks set to move higher as the AUD/USD has formed a bullish flag pattern.
Aussie Dollar Testing Resistance Level Prior to RBA Interest Rate Announcement
February 28, 2011 2:18 pm by Russell GlaserA pause in rising Aussie interest rates has yet to cause a severe decline in the value of the Aussie dollar.
EUR/AUD Likely to Enter Downward Correction
February 10, 2011 8:58 am by Anton EljwizatThe volatile of the EUR/AUD pair continues to be affected by the volatile forex market. The last week has seen a lot of bullish strength in the EUR/AUD pair. However, as I demonstrated below, it seems that the pair’s bullish ...
Dollar Sell-Off During European Trading
February 1, 2011 11:45 am by Russell GlaserThe greenback was on its back foot today as traders sent the US dollar lower versus the majors for the second day in a row following better than expected European economic data.
Aussie Dollar Moves Closer to Parity
October 7, 2010 7:27 am by Russell GlaserStrong employment data from Australia helped to lift the Aussie dollar as the AUD/USD eyes the 1.00 level. An interest rate differential between Australia and the US has given traders reason to continue buying the Aussie Dollar. As the Fed ...
Australian Trade Deficit Narrows, Adds to Signs of Economic Recovery
March 4, 2010 6:01 pm by Natalie R.Australia’s trade deficit narrowed in January to A$1.18 billion ($1.07 billion) from a revised A$2.17 billion in December. The better than expected result was due to the growth in exports, particularly of iron ore to China. As China’s economic growth ...
Australian Dollar Under Pressure
July 14, 2009 6:55 pm by Natalie R.The Australian Dollar (AUD) rose from a six week low against the USD late Monday after a rally in the U.S. stock market encouraging demand for higher yielding assets, and hitting a high of $0.7887. The AUD tumbled last week ...
AUD Struggling to Stay Above $0.80
June 22, 2009 12:21 pm by Natalie R.After a strong performance last week, the Australian Dollar started this week on a downtrend as expectations of interest rate hikes unwind over speculations the economic recovery in Australia will be shallow. The move to safer currencies is also supported ...
AUD Under Downward Pressure
June 9, 2009 2:35 pm by Natalie R.The Australian Dollar (AUD) experienced a slight gain today against the USD after dropping to the lowest level since May 28 the previous week due to an advance in U.S and European equity markets. The AUD is highly linked with ...
AUD Gets Boost from Positive Employment Data
May 7, 2009 12:21 pm by Greg HoldenIt was just over a week ago that the AUD/USD was trading at the 0.7000 price level. Now this pair appears to have broken through its day-to-day routine and established a new trend above the 0.7550 range with no end ...
