Tag Archives: Aussie dollar

AUD:CAD – Reversal set up on weak close

Commodities are front and centre of market attention after QE3. The 2 commodity currencies, Aussie and Canadian have been active and the cross rate between them caught my eye today as an example of a potential ABC sell setup. Although, both Australia and Canada are major commodity … Continue reading

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RIO and Iron Ore chart updates – What does this mean for the Aussie Dollar?

The bullish 3 drives set up I posted on Friday would have seen traders buying Rio on Tuesday. After a wobbly start over the last couple of days, the rally is now showing signs of becoming established. This post discusses strategy approaches for the … Continue reading

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Iron ore chart – outlook

Changes in the iron ore market have moved it to the front and centre for Aussie Dollar and share traders. Iron ore recently accounted for about 20% of Australia’s exports.  Although price declines since may have seen this share reduced, it will still have a significant … Continue reading

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Aussie:Swiss – Letting the profit run

Last week I posted a discussion piece on set up strategies for a possible selling opportunity in Aussie Swiss. There were a couple of alternatives. As it happened the chart set up as a double top and traders selling the break have so far enjoyed a decent move. … Continue reading

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Aussie markets and the ECB meeting – some outlook thoughts

Investors around the world have increased risk exposure in recent days following ECB President Mario Draghi’s indication that lowering Spanish bond yields fell within the ECB’s mandate. Markets are now parked at around Monday’s levels waiting to assess details of what the ECB … Continue reading

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Aussie Dollar and Today’s inflation number

The quarterly inflation statistics are one of the most important influences on Reserve Bank monetary policy. In this post, I provide some background information on interpreting inflation statistics from a practical trader’s point of view. I also discuss the possible implications of today’s … Continue reading

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Today’s employment figure and the Aussie markets

My post today discusses some hints for interpreting the Australian employment statistics from a practical trader’s point of view.  It also looks at assessing the potential impact of today’s figure on the Aussie Dollar and outlines a chart strategy.

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AUDUSD – Key Moving Averages to Tell the Tale

The AUDUSD has been one of those slightly irritating trading pairs of late. Irritating because it has been tough to lump in with all the other currencies due to its often strong performances relative to currencies like the euro. Whilst … Continue reading

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Sell AUDUSD on failed rally

The AUDUSD made quite a stellar retracement from below USD 0.96 but it seems now that negative weight may be becoming too much for the price to continue. The Aussie has been remarkably resilient compared to a number of other … Continue reading

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AUD: CAD – Head and Shoulders Buy Update

I posted a head and shoulders buy set up on the Aussie: Canadian cross rate back on 5 June. Price is approaching the target outlined in the original post. However, this set up is now an interesting example of how … Continue reading

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