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Midweek Forex Forecast for AUDUSD, EURUSD & USDCAD
The currency markets are still at the mercy of bad news. The majors sold off in unison during the European session following a Fitch outlook downgrade for Japan, and any headline with “Greece” in it just accelerates the bear cause. AUDUSD tried to perk up in the U.S. Session despite another poor U.S. manufacturing number, but could not hold gains above 99.00, and slid all the way back to 98.
By Jay Norris | May 23 | IBUniversity
AUDUSD: Reverses Gain, Set To Recapture The 0.9663 Level
The pair has reversed its one-day recovery and now looks to resume its broader medium term downtrend. This development now leaves AUDUSD targeting further declines towards the 0.9750 level where a violation will call for more weakness towards the 0.9663 level, its Nov 2011 low. A cut through here will extend weakness towards the 0.9485 level.
By Mohammed Isah | May 23 | FX Tech Strategy
AUD/USD – Monitoring Consolidation for Breakout
The AUD/USD is consolidating after cracking the support around 0.9860, one that goes back to Dec. 2011. The trend remains bearish as we make lower highs and lower lows. Meanwhile the momentum has been persistent, reflected by the RSI reading staying below 60 and tagging 30 throughout AUD/USD's May-decline.
By Fan Yang | May 21 | FX Times
Forex - AUD/USD Technical Analysis (Australian Dollar / US Dollar)
The pair AUD/USD found support on 0.98 last friday. The pair continues to move on the lower band of its bearish channel (purple lines). All indicators are bearish. We continue to advise short positions as far as 0.9950 is resistance. The breakout of 0.98 will give a new sell signal and open the way towards 0.97. In case of return above 0.9950, we will wait the breakout of 1.
May 21 | Forextribe
Forex - AUD/USD Technical Analysis (Australian Dollar / US Dollar)
The pair AUD/USD took up yesterday its bearish movement and the breakout of 0.99 gave us new sell signal. The pair is now moving below its falling wedge (brown lines) and below the lower band of its bearish channel (purple lines). All indicators are bearish. We continue to advise short positions as far as 1.00 is resistance. The breakout of 0.
May 18 | Forextribe
Friday Forex Forecast for AUDUSD, EURUSD, & USDCAD
The bad news in the U.S. and the continued Greek crisis weighed on AUDUSD and EURUSD and supported USDCAD.
By Jay Norris | May 18 | IBUniversity
Forex - AUD/USD Technical Analysis (Australian Dollar / US Dollar)
The pair AUD/USD has rebounded yesterday on the support at 0.99 and also on the lower band of its bearish channel (purple lines). The pair got back into its falling wedge. Indicators are globaly bearish. We continue to advise short positions as far as 1.0050 is resistance. The breakout of 0.99 will give a new sell signal and open the way towards 0.98. In case of return above 1.
May 17 | Forextribe
Daily Forex Forecast for May 17 2012
The Aussie found support just below 99.00 today after selling off over 500 pips over the previous 3-weeks.
By Jay Norris | May 17 | IBUniversity
Forex - AUD/USD Technical Analysis (Australian Dollar / US Dollar)
The pair AUD/USD has continued its bearish movement and is currently the support 0.99 and also the lower band of its bearish channel (purple lines). All indicators are bearish. The pair just broke the lower band of its falling wedge. We continue to advise short positions as far as 1.0050 is resistance. The breakout of 0.99 will give a new sell signal and open the way towards 0.98.
May 16 | Forextribe
Forex - AUD/USD Technical Analysis (Australian Dollar / US Dollar)
The pair AUD/USD has continued its bearish movement and the breakout of the support at 1.0 gave us a new sell signal. Currently, the pair is testing a pullback on this level. All indicators are bearish. The pair continues to move into its bearish channel (purple lines) and seems to move into a falling wedge (reversal pattern). We continue to advise short positions as far as 1.01 is resistance.
May 15 | Forextribe
AUD/USD Slides Below Parity Despite China’s RRR Reduction
There was no double bottom attempt in the AUD/USD as the market continues to slide now below parity, and nearing 0.9950 in the 5/14 US session. China cutting its Reserve Ratio Requirement by 50 basis points to 20% was a possible risk-on move and the AUD would have gotten a boost because it is a major trading partner of China's, but the uncertainty in the Eurozone trumped this dynamic.
By Fan Yang | May 14 | FX Times
Forex - AUD/USD Technical Analysis (Australian Dollar / US Dollar)
The pair AUD/USD continues its bearish movement and is currently testing the support at 1.0. The pair is still moving into its bearish channel (purple lines). All indicators are bearish. We continue to advise short positions as far as 1.0125 is resistance. The breakout of 1.00 will give a new sell s...
May 14 | Forextribe
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