Currencies Archive

AUD/USD While the pair set a new low post-Oz jobs data bears were a bit disappointed in the follow through. A weak USD saw Europe begin covering shorts and the pair sat near 0.7680 into NY’s open. Early action saw hourly support near 0.7665 tested… Read more

AUD/USD The pair suffered a one-two punch during European and NY trade. Just ahead of NY’s open the Sydney Morning Herald ran a story quoting Bell Potter’s Aitken forecasting AUD/USD to hit 0.6800.The pair dropped from the 0.7770 area towards 0.7715 before bouncing near 0.7735… Read more

AUD/USD The pair couldn’t stray too far from the 200-HMA for NY trading. Early on the pair the pair sat just beneath the 200-HMA. A quick spike to 0.7800/10 resistance (in sympathy with EUR/USD’s lift) met sellers. A steady decline took hold with s-t macros… Read more

AUD/USD Short covering in Europe saw the 200-HMA cleared and the pair sit near 0.7810 as NY got going. Early NY saw a tight range but the short squeeze took control again. With USD bulls taking a rest after the US jobs report there was… Read more

AUD/USD Europe disappointed pots-RBA SOMP bears as they pressed the pair up to 0.7850/60 resistance with little pullback. Stops above 0.7860 seemed in jeopardy. The pair sat near 0.7850 into NY’s open as the USD was a bit soft. An early NY bull rush saw… Read more

AUD/USD The pair held to a tight range in NY’s session as it consolidated beneath the 200-HMA in basically a 0.7780/0.7825 range. Early NY saw the pair dip to the lows on better than f/c weekly jobless claims. The slide faded into NY’s afternoon and… Read more

AUD/USD Europe negated an attempt to break the pair above the 200-HMA. Bears pushed the pair from the 0.7850 area towards 0.7805 as NY opened. Below f/c ADP data didn’t deter bears. They persisted and pushed the pair lower early on. The slide accelerated a… Read more

AUD/USD With follow through on the break of 0.7700 limited in Europe shorts decided to cover a bit. The pair lifted off the new trend low & sat near 0.7680 as NY began trading. Early action saw the lift persist and it got an added… Read more

AUD/USD A tight range held for AUD/USD in Europe & NY trading. The pair consolidated recent losses as it held to a 0.7730/0.7798 range. The pair was unable to break out as it was buffeted by a falling AUD/JPY & EUR/AUD and rising AUD/NZD. Some… Read more

AUD/USD Europe applied bear pressure to the pair as the chances of RBA rate cuts were upped in the rates markets. Aiding to weigh on AUD/USD was EUR/AUD being well bid. The pair sat near 0.7800 as NY got going. Early action saw the pair… Read more