Posts Tagged ‘AUD/USD’

USDJPY Edged Up Slightly Awaiting Yellen

by Forex Rooton July 14, 2014 8:57 am BST
Against the yen, the greenback rose about 0.2 percent to 101.43, moving further off a seven-week trough of 101.06 yen plumbed last Thursday. The euro was flat on the day at 137.97 yen, recovering from last week’s fall to a five-month low of 137.50 yen. USDJPY is trending up slightly this morning though major currency […]

Aussie Moves Lower After .9500 Rejection On Poor Data

by Christopher Lemieuxon July 2, 2014 10:23 am BST
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 BST
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 […]

Are Stop Hunts A Real Occurrence?

by Christopher Lemieuxon May 31, 2014 5:24 am BST
Have you ever seen a move on a position that seemed to come out of nowhere? Likely, the move was just enough to take out your stop-loss order and kick you out of the trade. It, then, seemingly reverts back to its original directional movement. You then ask yourself “did the market just single my […]