Tag Archives: AUD

More Weakness Ahead On AUDUSD

Gregor Horvat

AUDUSD is finally turning lower with a very aggressive and impulsive price action from 0.7384 where pair might have reached a top of wave 4) if we consider also a broken channel support line of wave C. As such, traders must be aware of even more weakness in days ahead, especially after black wave 2 pullback that can be very interesting for shorts. more…

AUDUSD : Correction Within Downtrend

Gregor Horvat

AUDUSD stays bearish as rally from 0.6900 was made in three waves, but based on latest price action we suspect that wave 4) will be much more complex than at first sight. We are looking at a triangle now that is placed within a downtrend of a blue wave (5) that will extend to around 0.6700 by the end of the year. After that we will look for a bullish reversal that could take place in 2016. more…

AUDUSD Bears Are Patiently Waiting

Nenad Kerkez

The AUDUSD has had a relief rally after the RBA decided to keep the rates at 2 %. The RBA indicated at the start of 2015 that it wanted to achieve 0.75 for the AUDUSD pair; currently it has surpassed this achievement as it is currently at 0.7200. As I have also explained 2 days ago on that basis, I doubt the RBA will cut rates further. Having said that, if commodities continue to weaken further, expect AUDUSD to weaken further under free markets. more…

AUDUSD : Price Trading Near Channel, More Gains Could Follow

Gregor Horvat

AUDUSD is trading higher after no change in rates from the RBA members. Price rallied nicely up to 0.7200, now trading at resistance line of a corrective channel where successful breakout with a daily close around 0.7250 would put bullish prices back in play. In that case we will look back towards 0.7400 as decline from October highs would be treated as a completed correction. more…

AUD/NZD: Home, Home On The Range

Matt Weller

We’re seeing mixed performance in the foreign exchange market Wednesday, with the greenback rallying against most of its rivals (prominently including pound sterling and all of the commodity dollars) but drastically trailing its biggest rival, the euro. Until this muddled performance shakes out into a one-sided trend for the greenback, some traders may want to explore other currency crosses, including AUD/NZD. more…

AUD/NZD: On The Verge Of Breakdown?

Fawad Razaqzada

The AUD/NZD is probably not under many traders’ radars at the moment given for example the sharp moves in stocks and the US dollar recently, but this cross could be one for those who would like to take the greenback totally out of the equation. The AUD/NZD surged higher in early April from a low of just above parity to a high so far this year of about 1.1425/30. The rally thus took out the 2014 high of 1.1300. But as can be seen on the chart, the bulls were unable to hold their ground there for too long and prices have generally held below this handle for this best part of the past two months, without causing too much pain for the bulls. more…