Tag Archives: AUDUSD

Aussie Dollar hits key support

Many technical analysts have been waiting a long time for the Aussie chart to return to its long term triangle support. Last night was the night. What happens from here could set the medium term outlook for Aussie.

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AUD/USD Sea Change

The AUD/USD pair bounced off an important support level in the last 36 hours, at 1.0150. Today, stronger than expected jobs numbers in Australia added support, but the big picture is deteriorating. A fall through the key support not only … Continue reading

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AUD: USD – Triangle

The Aussie Dollar 4 hour chart has formed a symmetrical triangle. This looks to me like a situation that could create 2 or three different opportunities for swing traders depending on how price breaks

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Buy AUD/USD on Trend Break

Who will win the currency wars? Central banks in the US, UK, Europe, Japan and China all want to see their currencies weaken, regardless of whether this is their stated aim. The AUD is a bobbing cork in the global … Continue reading

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Aussie Dollar – Chart Outlook

The 200 day moving average is often a key level for markets. The Aussie fell below it in early February but has since lost momentum. Taking a tour through Aussie charts in different time frames, leads me to the view that selling into rallies (provided a … Continue reading

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Buy AUD/USD on Reversal

The AUD/USD appears to be breaking upwards, breaching both resistance and a the medium term trend line. Fundamentals are less clear – many commentators are attributing recent weakness to anticipation of further interest rate cuts – a condition that was present … Continue reading

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Sell AUD/USD – at Last

Traders bring personal bias to the market. We can’t help it, we are human after all (even if it isn’t always apparent!) Acknowledging our own bias is a key to overcoming it as an obstacle to successful trading. Lucky enough … Continue reading

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Aussie Dollar – the week ahead

As we head into a new month and a big data week for the markets, I’ve outlined some thoughts on what some of the news events could mean for the Aussie Dollar and how this relates to the technical outlook.

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Aussie Dollar Chart – Long term outlook

The trading world has plenty of standard sayings and pieces of “accepted wisdom”. In my experience plenty of these are actually very useful, but many are not. It pays to be guided by evidence and your own experience. One concept that I have … Continue reading

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Sell AUD/USD on RBA Inaction

Will the Reserve Bank of Australia cut rates at its monthly meeting next Tuesday? It’s a tough call. International signals are mixed, local data is mixed, and the latest CPI shows that inflation rose to the middle of the RBA’s … Continue reading

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