AUD/USD has been drifting lower since the beginning of this year. RBA is determined to maintain cash rate at accommodative levels until further notice while the Fed is hiking, which is keeping the pair from rallying. Each attempt at a bounce has fizzled out at two or so cents. 61.8% retracement of the 2016 - 2018 range is the level to watch on the downside.
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AUD/USD practically unmoved by the RBA
Reserve Bank of Australia keeps cash rate at 1.5%. The rate is expected to stay there for some time to come. Rate statement remains upbeat. AUD/USD is down a few pips after the release. The pair is in the process of correcting the gains it scored since Friday. 50 DMA near 0.76 is the initial support.
BOC remains upbeat in the face of trade uncertainty
Bank of Canada stood pat at yesterday's meeting. Similarly to the RBA on Tuesday, they could've spinned monetary policy statement more dovish in current conditions if they had wanted to, but they didn't. However, it's all about trade wars currently and USD/CAD proceeded to make a marginal new high before some positive news on tariff exemptions for Canada hit the wires. Technically, 100 WMA ahead of historically proven 1.30 - 1.305 area looks strong enough to cause the pair to retrace a bit more …
AUD/USD finds the balance near 0.78
AUD/USD gained about 70 pips yesterday, underpinned by positive risk mood. Part of the story was RBA: after recent string of weaker data, they could've been more dovish but they weren't. The pair gave part of the gains back in the first hours of trading today, not helped by U.S. Gary Cohn's resignation and weaker than expected GDP from Australia. 0.77 - 0.79 is the current range, but for how long?
Aussie falls further after weak inflation report
A weaker than expected inflation report sent Aussie to a new low yesterday. Today's comments by RBA's Debelle were seen as dovish, particularly the one that CPI was overstated by around 0.25% ahead of yearly reweighting of the index.
The pair is currently stalling just above the strong support area that includes 2016 - 2017 (previous) resistance, 200 DMA and 0.77 big figure level. If the area gives way, 0.75 will come into focus. 0.7730 - 0.7750 is the initial resistance.
The pair is currently stalling just above the strong support area that includes 2016 - 2017 (previous) resistance, 200 DMA and 0.77 big figure level. If the area gives way, 0.75 will come into focus. 0.7730 - 0.7750 is the initial resistance.
Aussie unimpressed as RBA remains neutral
At today's meeting, RBA decided to keep the cash rate on the record low of 1.5%. The accompanying statement is similar to the previous one, highlighting both upside and downside risks. The paragraph on the Australian dollar is unchanged.
The reaction was to sell Aussie on lack of any clear hawkish signal but, since the statement didn't deteriorate, selling didn't extend much lower. Area between 100 DMA and 0.78 held and European traders took AUD/USD back above the big figure. 0.7825 - 0.785 is t…
The reaction was to sell Aussie on lack of any clear hawkish signal but, since the statement didn't deteriorate, selling didn't extend much lower. Area between 100 DMA and 0.78 held and European traders took AUD/USD back above the big figure. 0.7825 - 0.785 is t…
RBA decision as expected, Aussie stays supported
RBA once again left cash rate on the record low of 1.5%. The accompanying statement from governor Lowe shows that the bank stays neutral. They are slightly more upbeat on the labour market and expect inflation to pick up gradually. Paragraph on Australian dollar remains in place.
Nothing shocking from them and, after some whipsaws on the release, AUD/USD appears to continue on the path of least resistance. Trendline, drawn off of June, July and August lows, is the support level to watch. 0.80 is…
Nothing shocking from them and, after some whipsaws on the release, AUD/USD appears to continue on the path of least resistance. Trendline, drawn off of June, July and August lows, is the support level to watch. 0.80 is…
AUD/USD for 2 October
Chart Scale: Weekly, Monthly
Indicator: BB, 200 EMA, ATR, CCI Histogram
Support Resistence Area
ATR Monthly 351 Pips
Pair Analysis:
On the monthly Chat, there was a clear divergence in 2016/17 which shows the low could be in place. The CCI indicator shows Momentum, However Prices are strong resistence which should make it difficult to continue straight much higher. The weekly Chart shows a slowing Momentum but it is still in bullish area. Prices hit 200 EMA and higher Bollinger Band. I expect Pr…
Indicator: BB, 200 EMA, ATR, CCI Histogram
Support Resistence Area
ATR Monthly 351 Pips
Pair Analysis:
On the monthly Chat, there was a clear divergence in 2016/17 which shows the low could be in place. The CCI indicator shows Momentum, However Prices are strong resistence which should make it difficult to continue straight much higher. The weekly Chart shows a slowing Momentum but it is still in bullish area. Prices hit 200 EMA and higher Bollinger Band. I expect Pr…
AUD/NZD for 2 october
Chart Scale: Weekly, Monthly
Support/Resistence Area
Indicator Used: BB, CCI EM 200
ATR: 365 Pips
Pair Analysis:
In the Monthly Chart we have a divergence of CCI and Price it could mean that the pair reverses from higher, it made also an higher low, However the ATR is fallen which means, the Volatility don't confirm it. the Atr has to rise to confirm any reverseal. On the weekly Chart, the Price slightly rose I expect to reach the 200 EMA in the next weeks.
Monthly Chart:
Weekly Chart:
Support/Resistence Area
Indicator Used: BB, CCI EM 200
ATR: 365 Pips
Pair Analysis:
In the Monthly Chart we have a divergence of CCI and Price it could mean that the pair reverses from higher, it made also an higher low, However the ATR is fallen which means, the Volatility don't confirm it. the Atr has to rise to confirm any reverseal. On the weekly Chart, the Price slightly rose I expect to reach the 200 EMA in the next weeks.
Monthly Chart:
Weekly Chart:
AUD/JPY
Chart Scale: Weekly/Monthly
Support/Resistence near Price levels
Indicator Used: BB, CCI, EMA 200
Atr: 453 Pips
Pair Analysis:
On the monthly Chart Aud/Jpy shows divergence with CCI and Prices which means Aud/jpy could lose momentum to the upside. The monthly candle which is not finished shows reverseal, ATR is falling which means that the pair is losing buyers. On the Weekly Chart the Pair is on the middle Bollinger Band as well as on the EMA 200, it should show some resistence. Therfore I epec…
Support/Resistence near Price levels
Indicator Used: BB, CCI, EMA 200
Atr: 453 Pips
Pair Analysis:
On the monthly Chart Aud/Jpy shows divergence with CCI and Prices which means Aud/jpy could lose momentum to the upside. The monthly candle which is not finished shows reverseal, ATR is falling which means that the pair is losing buyers. On the Weekly Chart the Pair is on the middle Bollinger Band as well as on the EMA 200, it should show some resistence. Therfore I epec…