AUD/USD Rises Towards 2010 high, 0.9330

Trend: Weekly : Sideways Daily: Bullish Hourly: Bullish Support & Resistance: From current levels, 0.9308, the pair finds initial resistance at 0.9330, followed by 0.9410, and 0.9440. Support to watch is the 0.9300 followed by the 0.9270 level, 0.9223 and 0.9192. Strategy: The Aussie is a few pips away from reaching its 2010 high, 0.9330, [...]

AUD/USD Limit Buy 0.9230

The Aussie extended gains above the 0.9250 resistance level to reach at 0.9290 high. In spite of renewed fears over Greek debt, the Aussie remains resilient on fundamental support. The RBA increased rates further on Tuesday and is expected to continue its hawkish stance. Bias is tilted to the upside with dips likely to be [...]

Conditions are Right for Further USD Appreciation

Forex News and Events: Newswires were buzzing overnight regarding an article, which suggests that Greece wants to cut out the IMF participation portion from the recently agreed upon financial aid plan. In addition, Greece has been rumored to be trying to fix or get details regarding some of the hazy specifics. Given the number of [...]

*Update AUD/USD Drops on Negative Data

*Update: see comment section below The Aussie fell sharply from a 0.9216 high as retail sales and building approvals declined. Retail sales reported a decline of 1.4%, while building approvals dropped by 3.3%. This compares to analysts expectations of +0.3% and +2.1%, respectively. Bias is now neutral in the near term. Although recent data would [...]

AUD/USD Rises Above 0.9200

The Aussie rose sharply  as rate hike expectations increased following an interview by RBA’s Governor Stevens. RBA Governor Glenn Stevens signaled that interest rates may need to be increased further to contain inflation and said house prices are “getting quite high”. Comments led to short covering with the pair rising above the 0.9200 level. Buying [...]

AUDUSD boosted on signs of another interest rate hike

Market Brief AUDUSD recovered from Friday’s losses and traded at 0.9076 on speculation that retail sales rose 0.3% in February, due on March 31 and as RBA Governor Glenn Stevens said house prices are “getting quite high” and signaled that interest rates may need to be increased further to contain inflation adding that it was [...]

AUD/USD Will China Tighten? (0.9063)

Despite some relief from the EU summit, the Aussie is weaker against the U.S. Dollar in early European trade. Selling could be attributed to rumors about China possibly tightening policy, following the RBI’s surprising interest rate hike last Friday. Speculation that new loans in March were in the Yuan 1T figure, after Yuan 700B in [...]

AUD/USD Limit Sell at 0.9176

Investor sentiment continues to support the Dollar as uncertainty over sovereign debt dampens demand for riskier assets. Renewed concerns over Greece, ratings downgrade to Portugal, and fears of policy tightening in China will keep investors from aggressive long positions. The Aussie was unable to rise above 0.9250 and weakened rapidly from the area. Near term [...]

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