Posts Tagged ‘australian dollar’
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Aussie Moves Lower After .9500 Rejection On Poor Data

by Christopher Lemieuxon July 2, 2014 10:23 am GMT
The Aussie dollar moves lower in early trade after failing to close above .9500.  A series of poorer than expected economic data has weakened price action. According to Australia’s statistics bureau, the trade deficit grew to $1.9 billion AUD in May, nearly 10 times more than what economists expected. Iron ore prices, the nation’s largest […]

AUDUSD & AUDNZD Poised For Breakout, Testing Trend Resistance

by Christopher Lemieuxon June 9, 2014 7:03 pm GMT
The Aussie-dollar is testing several levels of resistance, which could lead in a price action breakout to the upside. First, price action is testing the larger downtrend created from the yearly high of .9756. Price action is currently being held around .9350. Secondly, there is a near-term channel resistance that would be testing slightly higher […]

Market Movers: Forex Majors Update 5/28

by Christopher Lemieuxon May 28, 2014 6:48 pm GMT
EURUSD: The euro-dollar has traded below 1.3600 and the 200 EMA on the daily chart. A close below this level will push the pair lower to 1.3545 and then 1.3475. The eurozone saw a series of less than expected data earlier this morning, as the German unemployment grew by 24,000 and import prices contracted .3 percent. […]

AUDUSD Seeks Out 200 EMA After RBA Monetary Minutes

by Christopher Lemieuxon May 20, 2014 9:03 am GMT
The Australian dollar  fell sharply against all major currency pairs after the Reserve Bank of Australia (RBA) hinted that it could maintain a record-low interest rate environment going forward. Within the RBA monetary policy minutes, the central bank expressed that protracted spare capacity in the labor force is an ongoing problem. “What was most notable […]