AUD/USD Testing Key 0.9193

The Aussie had a volatile day yesterday as the morning began with risk aversion but ended on a positive note. Stocks in U.S. managed to close higher, driving the S&P 500 to its highest level since October 2008.
A stronger-than-expected Chinese inflation number yesterday fueled concern that China may increase interest rates to cool its economy. [...]

Intraday Market Update

Stocks rallied in the last hour of trading after struggling through most of the day on disappointing economic data and fears that China will tighten policy. Citigroup led a bank rally today as CEO Vikram Pandit said the bank should be consistently profitable, going forward.
The Dow Jones Industrial Average gained 44.51 points, or 0.42%, to [...]

AUD/USD First Target Met at 0.9145(+20)

AUD/USD rose to an intraday high at 0.9168, to reach our short entry point at 0.9165. First target was met for +20 points (0.9045). Move stops to break even or leave room to breath. Next target 0.9077.
View Original analysis Here.

DISCLAMER: The above post is for information only. Before making your investment decisions please acknowledge that [...]

AUD/USD Limit Sell at 0.9165*

The Aussie has been quite volatile as traders are unsure if prices above 0.9200 can be justified in the current state of the global economy.
Employment data came in below estimates with the economy adding 400 jobs in February, below analyst estimates that saw a 15K increment. Full time employment increased by 11,400, while part-time jobs [...]

Intraday Market Update

The U.S. session is experiencing a roller coaster ride, with the majors breaking out higher at the open to then reverse most gains as stocks retreated. Currently, the majors are recouping some of the lost ground as equities are once again edging into positive territory.
The Aussie had the strongest reversal as sellers were already lined [...]

(Update) AUD/USD Near Key 0.9172 Resistance

*Update: Order entered at 0.9170. Bias looks quite bullish move stops to break even.
The Aussie rose sharply in the NY session breaking strong resistance levels and clearing stops above the 0.9130 area.
The pair began the morning at 0.9060 and closed higher by 80 pips at 0.9140. Currencies took queue from stock markets which spurred risk [...]

AUD/USD Gains Above 0.9100

Trend:
Weekly : Sideways
Daily: Bullish
Hourly: Bullish
Support & Resistance:
From current levels, 0.9110, the pair finds initial resistance at 0.9130, followed by 0.9172, and 0.9213.
Key support to watch is the 0.9071 where a break of such would open targets to the 0.9057 level, followed by 0.9015 and 0.8983.
Strategy:
Aussie extended gains at the start of the week, [...]

Euro Zone Will Aid Greece if Needed

French President Nicolas Sarkozy said the Euro Zone will be ready to help Greece if its financial problems worsened and called for a crackdown on market speculators targeting Greece. Measures to undertake speculators abusing credit default swaps will be announced in the next few days.
“While Greece doesn’t need assistance right now, “we have measures, we [...]

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