NZD/USD Limit Buy at 0.7071

Trend: Weekly : Sideways Daily: Sideways Hourly: Bullish Support & Resistance: From current levels, 0.7125, the pair finds initial resistance at 0.7140, followed by 0.7170, and 0.7230. Key support to watch is the 0.7100 followed by 0.7069 level, 0.7000 and 0.6970. Strategy: Near term bias is tilted to the upside. Look to buy on dips [...]

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 [...]

*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 [...]

EUR/USD Take Profit At Market 1.3409 (+60)

EUR/USD reached an intraday high at 1.3538, before retracing towards the 1.3400 handle. First half of the position entered at Sunday open, 1.3469, and the second half missed entry this morning by 2 points at 1.3540. We issued a close at market, 1.3409 (+60), as the pair may range between the 1.3400 and the 1.3550 [...]

EUR/USD Extends Gains Above 1.3400

The Euro rose from a 10th month low, 1.3268, as Greek concerns eased slightly to reach a 1.3523 high in Asia. The deal, which was agreed last week, is only for a worst-case scenario, where help will be provided through a mix of International Monetary Fund and bilateral loans. Greece has now to exhaust its [...]

*Update: EUR/USD Limit Sell at 1.3440

Update: See comments below The Euro regained some ground in Asia after Trichet backtracked earlier comments that an IMF involvement in Greek aid was “very, very bad.” Trichet was pleased that EU leaders found a “workable” solution to assist Greece. The deal is for a worst-case scenario for the country, where help will be provided [...]

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 [...]

AUD/USD Key Support at 0.9086

The Aussie rose to a 0.9198 high, just shy off our short order at 0.9215, before retracing back to 0.9105. Concern EU leaders will fail to agree on an aid package for Greece at this week’s summit, a recent downgrade of Portugal, and fear that China may tighten policy soon, will continue to find Aussie [...]

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