AUD/USD Breaking to Higher Ground
March 8th, 2010 admin
The market took its time to digest last week’s good Australian news, but now it finally made the break above the stubborn resistance line. Update on this strong currency. AUD/USD finally broke above the stubborn resistance line of 0.9090 for the first time after 6 weeks. The pair currently trades at 0.9130, settling above the line. After dropping below 0.9090 on January 21st, there were immediate attempts to break above this line, but …
Related Videos from Youtube
AUD/USD Play...The AUD/USD has a nice setup that should hit during this next session. We are using Fib. to pulls these pips...
AUD USD 7 26 Online Session...
Day Trading Chart of the Day: AUD/U...The Australian Dollar vs the US Dollar pair is at a criticial level in relationship to the larger trends and trading going into the extended American Holiday could provide some insight as to near term market direction. In today's video we analyze the potential reaction from sellers as we retrace into highs on the pair. For more information on this chart and others like it please visit www.pillartrading.com.
Day Trading Chart of the Day: AUD/U...The Aussie is currently stuck in the exact same range as last week. Playing both sides has produced quality results so far and right now there doesn't appear to be any breakout signs. If the bulls hold the next set up then we can expect weakness going up into the Daily short level. So many orders have already been committed there and it would be hard to foresee that level holding. That being said there has been no technical breakdown so all we can do for now is prepare for the worst case scenario. For more information on this chart and others please visit us at our website.
Bruno 'disappointed' With Aussie Fa...Sacha Baron Cohen's alter ego 'Bruno' has landed down under for the premiere of his new film. At a press conference he said he was under whelmed by the fashion sense of Australian men, but spoke of his love for Keith Urban.(June 29)
Aussie Players get stuck into "...Mitchell Johnson, Callum Ferguson, James Hopes, Shane Watson and Graham Manou get a first look at the new game from Codemasters "Ashes Cricket 2009"
Aussie Kids vs Kiwi Kids DIY - Mitr...Anti-kiwi/aussie comments will be removed and your account will be blocked. It's an ad. Get over it.
Flight of the Conchords: Kiwis vs A...The title is pretty much self-explanatory. All the clips are from Flight of the Conchords except the last one which is an Outback Steakhouse ad Jemaine did. I couldn't resist putting it in. Make sure to visit the Support the Kiwis Fund urlsnippy.com
Related Posts
The British Pound got some great news, managed to climb. While GBP/USD stopped at a resistance line, GBP/JPY managed to break higher. Update on both pairs. British Nationwide HPI rose by 0.7%, significantly higher than the early expectations for a 0.2%. This important house prices index showed that the dip in house prices last month was only temporary....
The important ZEW Economic Sentiment survey fell once again, showing that Europe isn’t really doing much better than the US. The Euro erases early gains and drops. German ZEW Economic Sentiment fell from 21.2 to 14 points. Early expectations stood on small slide to 20.9 points. The survey of 350 German institutional investors is a highly regarded...
The Geppy is enjoying risk appetite and other elements to make another attempt to break higher. Will it make it? Update on the forces moving this cross. GBP/USD enjoyed the weekend gaps to jump over the strong resistance line against the dollar. After slipping back down to the critical level, it got a boost: British trade balance was much better...
Price action on USD/CHF, a daily chart of which is shown, has consolidated in a tight, slightly bearish consolidation right underneath a key long-term downtrend resistance line extending from the 2008/09/10 high hit in November 2008. Since recently hitting this trendline in mid-February, price has bumped up against it several more times without...
EUR/GBP has made a significant downwards breakout, reaching a 4-month low. Here are some of the reasons and the technical levels to watch. EUR/GBP broke under the 0.8852 line that was the low on December 17th. It also went below the November 17th low of 0.8834. At 0.8820 (at the time of writing), it’s at its lowest level since September 15th....
The British Pound enjoyed the mild FOMC Statement in the US to break above a minor resistance line and approach a much bigger one. Events ahead will probably stop it. Update. GBP/USD broke last week’s high of 1.5220 and is now trading above 1.5250. This is the highest level in two and a half weeks, the highest in March so far. 1.5220 is a small...
The Bank of Canada raised the interest rate for a third time in a row to 1%. This partial surprise sends USD/CAD down to another attempt on the support line. USD/CAD fell from 1.0470 to 1.0415 at the time of writing. The Canadian dollar is now approaching a significant line: Update 14:00 GMT : Canada’s important indicator, Ivey PMI was stellar...
EUR/USD , that enjoyed a sharp rally in a steep uptrend channel, is flirting with the bottom edge of this channel just before the critical release of the NFP. Technical update on this pair. As seen in the graph (click to enlarge), EUR/USD is trading in a steep uptrend channel in the past two and a half weeks. After reaching the resistance line...
The Euro tested the upper border of its trading range and bounced. There are many reasons for explaining the move upwards, and one good reason for not seeing a break. EUR/USD went as high as as 1.4480 – an important resistance line, and then fell back down to the low 1.44s. Since December 16th, the pair ranged between the support line of 1.42...
After a one month pause, Australia returned to posting excellent job figures, with the unemployment rate dropping to 5.1%. The reaction built up slowly, but now, the previous resistance line far behind, and the pair is at a 4 month high. Update on this strong currency. Australia enjoyed many months of improving job figures. Last month, job data was...
Related Tweets from Twitter
|
ForexWebHost (Greig Wilson) : long NZDUSD: ******** NZDUSD USD is weaken against aud, usd. long entry 0.7280 stop loss 0.7170 upside target :... http://bit.ly/ajkyZL.. Updated : 2010-09-10T19:08:39Z | Reply | View Tweet |
|
SecretFX (SecretFX) : long NZDUSD: ******** NZDUSD USD is weaken against aud, usd. long entry 0.7280 stop loss 0.7170 upside target :... http://bit.ly/dbPPPA.. Updated : 2010-09-10T19:08:39Z | Reply | View Tweet |
|
indofxtrading (Moch Hamid Usman M.) : long NZDUSD: ******** NZDUSD USD is weaken against aud, usd. long entry 0.7280 stop loss 0.7170 upside target :... http://bit.ly/ajkyZL.. Updated : 2010-09-10T19:08:38Z | Reply | View Tweet |
|
fxforextweet (FOREX|FX TRADE TWEET) : It is very simple strategy with currency pairs with EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, AUD/USD http://goo.gl/tQrT #FX.. Updated : 2010-09-10T19:01:15Z | Reply | View Tweet |
|
forextut (forextutorials) : FX AUD/USD #Daily #Outlook: Intraday bias in AUD/USD remains son the upside with 0.9180 minor? http://goo.gl/fb/otSmp.. Updated : 2010-09-10T18:54:16Z | Reply | View Tweet |
Related News from Digg
Leave a comment
| Trackback
