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0.8853 0.0008 (0.08%)
0:24:55 (GMT)
Bid 0.8853
Ask 0.8853
Open 0.8845
High 0.8864
Low 0.8844
 

Daily Technical Analysis

The AUD/USD pair fell during the course of the day on Monday, breaking below the 0.89 handle. We believe that this market will grind to the 0.88 level, but it might take a little bit of volatility in the meantime...
The AUD/USD closed near the low of the session on Monday suggesting the possibility of further downside pressure. The only concern at this time for bearish traders is that the Forex pair had all day to take out support convincingly...
The weak close on Friday puts the AUD/USD in a position to follow-through to the downside today. Last week it was the Reserve Bank of Australia minutes and the Fed monetary policy announcement that fueled the selling pressure. This week...
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Weekly Technical Analysis

The AUD/USD pair tried to break higher during the course of the week, but then dropped below the 0.90 handle. The 0.89 level below offered support, so we are not willing to sell this market until we break down below...
The AUD/USD pair absolutely fell apart during the week, slicing through the 0.92 level, and then the 0.90 level. With that, we feel that the market should continue to show bearishness, but the 0.90 level should offer a bit of...
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Daily Fundamental Analysis

Analysis and Recommendation: The AUD/USD broke below the 89 level on Monday but was able to recover a bit of its losses on Tuesday morning after the release of HSBC manufacturing PMI which beat expectations. The pair is trading at...
Analysis and Recommendation: The AUD/USD recovered 17 points as the US dollar eased in the early session as traders sold off to book profits. The AUD remains below the 90 mark trading at 0.8948. The US dollar strengthened against all...
Analysis and Recommendation: The AUD/USD continues to decline trading well under the 90 level at 0.8953 down by 36 points as iron ore prices nosedived again this morning. The near 4 per cent bounce in the iron ore price on...
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Weekly Fundamental Analysis

The AUD/USD finished the week lower. The selling pressure started...
The AUD/USD fell to a fresh six-month low last week...
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More AUD/USD Report

 
The early part of the week is very light on economics data. On Monday, the US saw some dismal housing data and then early this morning Chinese HSBC manufacturing PMI – flash was released. Manufacturing gained a bit doing better than expectations, but clung very close to...
Asian markets started the week off on an active note, but with very little economics data. The only event released on Monday morning was New Zealand’s consumer sentiment which came in a bit lower than last month. Asian stocks are trading on a negative note today on...
The AUD/USD pair fell during the course of the day on Friday, but remains just above the 0.89 handle. That is the last vestiges of support as far as we can see, and if we can break down below there we would more than be willing to...