AUDUSD

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AUD/USD

? AUDUSD price market analysis The 0.8000 is a round number resistance for AUDUSD. After taking out the stop losses for sellers in July, price eventually dropped like a hot potato. I am looking at short term support around 0.77655 area or 0.77059. There is a longer term stronger support if AUDUSD has more sell…

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AUDUSD trade analysis

AUDUSD trade analysis

Daily Chart H4 Chart I expected a bigger retracement on the AUDUSD but it never came after price hitting a high of 0.8124. At the current level price is trading at Daily time frame 0.7977 support and rejecting it. On the h4 time frame, we have double confluence support at 0.7969 with the channel bottom…

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Post Labour Day surprise from Glenn Stevens

Post Labour Day surprise from Glenn Stevens

Australia?s central bank cut interest rates to a fresh record low at 1.75 basis points as it moves to counter the emergence of disinflation that?s swept the developed world. Reserve Bank of Australia Governor Glenn Stevens this morning reduced the?cash rate by 25 basis points as predicted by 12 of 27 economists surveyed. The Inflation…

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Aussie price action

Aussie price action

The AUDUSD is currently trading at the lower downtrend line support. The bulls seems to be back. However there is a catch. This is a typical price action pattern which I have seen again and again over the years. Price trading near support while waiting for a big news. That particulars news is the Australian…

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