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0.7869 0.002 (0.26%)
2:56:34 (GMT)
Bid 0.7867
Ask 0.7870
Open 0.7849
High 0.7874
Low 0.7827
 

Daily Technical Analysis

The AUD/USD finished the week strong, putting it in a position to challenge the main top at .7842. A move through this level will reaffirm the uptrend on the daily chart. The catalyst behind the move is the weaker U.S...
The AUD/USD pair went higher during the course of the day on Friday, but as you can see struggled at the 0.7850 region yet again. Ultimately, this is a pair that looks like it’s trying to break out to the...
Weak U.S. manufacturing figures for April are helping to boost the AUD/USD on Friday. Short-sellers are decreasing bets for an early interest rate hike by the Federal Reserve. Also helping to underpin the Aussie is short-covering by investors who believed...
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Weekly Technical Analysis

The AUD/USD pair initially fell during the course of the week but found enough support near the 0.77 level to turn things back around and form a nice-looking hammer. However, we see quite a bit of resistance all the way...
The AUD/USD pair broke higher during the course of the week, testing the 0.78 handle. With that, the market looks as if it is trying to rally a bit from here, but there should be a significant ceiling at the...
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Daily Fundamental Analysis

Analysis and Recommendation: The AUD/USD matched the US dollar moves in the morning session with little in the news and even less on the economics calendar. Chinese growth and production continue to weigh on the Aussie as lower demands for...
Analysis and Recommendation: The AUD/USD dipped 10 points in the morning session to trade at 0.7768 as the US dollar recovered some of Thursday’s losses.  US data showed new home sales fell 11.4 per cent in March to an annualized...
Analysis and Recommendations: The AUD/USD posted an inside day on Thursday as investors continued to digest this week’s better-than-expected first quarter consumer inflation report. Since the Reserve Bank of Australia said it would consider consumer inflation when it makes its...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation: The AUD/USD added 44 points on...
Weekly Analysis and Recommendation: The AUD/USD had a stellar week...
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More AUD/USD Report

 
This week’s data will be once again focused on central bank meetings with the Bank of Japan, The US Federal Reserve and the Bank of New Zealand all set to meet. The Bank of Japan is expected to hold off on expanding monetary policy stimulus at its...
The AUD/USD pair initially fell during the day on Thursday, but turned back around to form a rather positive looking candle. With this, we believe that the market should continue to go higher, but there is a significant amount of resistance just above that could turn the...
U.S. stock indices finished slightly higher on Wednesday, continuing the choppy, two-sided trade that has been highlighted all week. Earnings were mixed, however, the markets caught a bid after the U.S. reported stronger than expected existing home sales data. The Dow, S&P 500 and Russell 2000 Index...