AUD Trading Outlook Archive

Australian Dollar (AUD) Trading Outlook (08-07-2015)

July 8, 2015

AUDUSD Pivot: 0.7395 Likely scenario: Long positions above 0.7395 with targets @ 0.75 & 0.7535 in extension. Alternative scenario: Below 0.7395 look for further downside with 0.735 & 0.729 as targets. Comment: Intraday technical indicators are mixed and call for caution.  

Australian Dollar (AUD) Trading Outlook (08-07-2015)

July 8, 2015

Medium Term Strategy: Forex Pair of the day AUD/USD – downside breakout of 2015 low The pair has broken below the 0.7520 key support (horizontal level and year-to-date low). In addition, the 20 and 50-days moving averages crossed downward and the RSI below its neutrality… Read more

Australian Dollar (AUD) Trading Outlook (07-07-2015)

July 7, 2015

AUDUSD Pivot: 0.7535 Likely scenario: Short positions below 0.7535 with targets @ 0.746 & 0.74 in extension. Alternative scenario: Above 0.7535 look for further upside with 0.7595 & 0.765 as targets. Comment: A break below 0.746 would trigger a drop towards 0.74.

Australian Dollar (AUD) Trading Outlook (06-07-2015)

July 6, 2015

AUDUSD Pivot: 0.7535 Likely scenario: Short positions below 0.7535 with targets @ 0.745 & 0.74 in extension. Alternative scenario: Above 0.7535 look for further upside with 0.7595 & 0.765 as targets. Comment: As long as 0.7535 is resistance, likely decline to 0.745.

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