AUD/USD Near Key 0.9172 Resistance

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 taking in the U.S. session.
Markets are still liable to risk sentiment shifts as [...]

EUR/USD Falls Under 1.3600

The Euro has reversed most of Friday’s and Sunday’s gains as concerns continue to linger on deficits. Fitch today warned that Spain and France need to take stronger measures and that a sovereign default is possible in EMU, although it predicts that it would not cause a split.
Investors are also wary of the next few [...]

GBP/USD Slumps on Concerns

The Pound fell below the $1.50 level for the first time in a week on the back of weak economic data and as credit rating firms warned on UK’s sovereign rating.
UK’s house price balance came in lower than analysts estimates, at 17% from 34% expected and a previous 31%. The nation’s trade balance reported a [...]

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, [...]

EUR/USD Rejects 1.3700 in Europe

The Euro extended gains at the start of the week following French comments that helped aid risk appetite. French President Sarkozy vowed to help Greece if needed and said to crackdown on market speculators targeting the country.
EUR/USD, however, has been rather mixed and remains within its consolidation phase as the pair has been unable to [...]

NZD/USD Key Support at 0.6941

Trend:
Weekly : Sideways
Daily: Sideways
Hourly: Bullish
Support & Resistance:
From current levels, 0.7006, the pair finds initial resistance at 0.7030, followed by 0.7060, and 0.7127.
Key support to watch is the 0.6986 where a break of such would open targets to the psychological 0.6943 level, followed by 0.6905 and 0.6870.
Strategy:
NZD/USD rose above the 0.7000 level on renewed [...]

GBP/USD Regains 1.5000

From current levels, 1.5056, the pair finds initial resistance at 1.5089, followed by 1.5133, and 1.5181.

AUD/USD Holds Below Resistance 0.9070

From current levels, 0.9028, the pair finds initial resistance at 0.9046, followed by 0.9070, and 0.9172.

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