AUDUSD flirting with 2-month lows

AUDUSD FOREX EXCHANGE ROSE MIDDAY Monday August 21

AUDUSD FOREX EXCHANGE ROSE MIDDAY Monday August 21

AUDUSD FOREX EXCHANGE increased 0.0015 or 0.19% to 0.7940 on Monday August 21 from 0.7925
AUD/USD remains mildly on the upside for retesting 0.8065. The pull back from there should have completed at 0.7807 already. Firm break of 0.8065 will resume the medium term rise and target 100% projection of 0.6826 to 0.7833 from 0.7328 at 0.8335. In case of another fall, we’d continue to expect strong support from 0.7785 cluster support (38.2% retracement of 0.7328 to 0.8065 at 0.7783) to contain downside and bring rebound.

AUDUSD FOREX EXCHANGE increased 0.0015 or 0.19% to 0.7940 on Monday August 21 from 0.7925 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

A fresh wave of greenback selling pressure has emerged over the past hour or so, lifting the AUD/USD pair fresh session tops, in the region of 0.7945-50 band.



AUDUSD FOREX EXCHANGE

Fading optimism over the US President Donald Trump’s pro-growth economic agenda, coupled with growing market consensus that the Fed might refrain from raising interest rates further in 2017 kept the US Dollar bulls on the back-foot and helped the pair to bounce off session low level of 0.7910.

Adding to this, a softer US Treasury bond yields, primarily led by the risk-off environment, was also seen driving flows towards higher-yielding currencies and collaborated to the pair’s up-move since the mid-European session.

Meanwhile, the prevalent positive tone around the commodity space, especially copper, provided an additional boost to commodity-linked currencies, including the Australian Dollar, and remained supportive of the pair’s move back closer to a two-week high touched last Thursday.




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AUDUSD flirting with 2-month lows

AUDUSD FOREX EXCHANGE OPENED HIGHER Monday August 21

AUDUSD FOREX EXCHANGE OPENED HIGHER Monday August 21

 AUDUSD FOREX EXCHANGE increased 0.0012 or 0.15% to 0.7927 on Monday August 21 from 0.7915
Following up on my prior technical view for the AUDUSD, which i published last month here .. The pair has pulled-back towards the previously broken horizontal resistance-turned-support around 0.7835 where it was rejected last week. And that may have confirmed the level as support. The price formed a hammer

 AUDUSD FOREX EXCHANGE increased 0.0012 or 0.15% to 0.7927 on Monday August 21 from 0.7915 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001

Aussie has continued trading lower after retreating from recent high of 0.8066, suggesting a temporary top has possibly been formed there and near term downside risk remains for the retreat from there to bring retracement of early upmove, hence weakness to 0.7760 (61.8% Fibonacci retracement of 0.7571-0.8066) cannot be ruled out, however, a drop below previous resistance at 0.7712 is needed to provide confirmation, bring subsequent decline towards 0.7650.

 



 

AUDUSD FOREX EXCHANGE

We are keeping our count that top has been formed at 1.1081 (wave 5 of V) and major correction (A-B-C-X-A-B-C) has commenced, indicated downside targets at 0.7945 (61.8% Fibonacci retracement of entire rise from 0.6007-1.1081) and 0.7750 had been met and downside bias is seen for further weakness to 0.6800, then 0.6700 but reckon 0.6500 would hold from here

 




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AUDUSD flirting with 2-month lows

AUDUSD FX Exchange Weekly Outlook

AUDUSD FX Exchange Weekly Outlook

 AUDUSD FX Exchange  recovery last week argues that pull back from 0.8065 has completed at 0.7807
The AUDUSD increased 0.0031 or 0.39% to 0.7915 on Friday August 18 from 0.7884 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

AUDUSD FX Exchange  recovery last week argues that pull back from 0.8065 has completed at 0.7807 already. Initial bias is mildly on the upside this week for retesting 0.8065 first. Firm break there will resume the medium term rise and target 100% projection of 0.6826 to 0.7833 from 0.7328 at 0.8335. In case of another fall, we’d continue to expect strong support from 0.7785 cluster support (38.2% retracement of 0.7328 to 0.8065 at 0.7783) to contain downside and bring rebound.



 AUDUSD FX Exchange

In the bigger picture, rise from 0.6826 medium term bottom is still in progress. At this point, there is no confirmation of trend reversal yet and we’ll continue to treat such rebound as a corrective pattern. But in any case, break of 55 month EMA (now at 0.8097) will target 38.2% retracement of 1.1079 to 0.6826 at 0.8451. Break of 0.7328 support is needed to confirm completion of the rebound. Otherwise, further rise is now in favor.




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AUDUSD flirting with 2-month lows

AUDUSD FOREX EXCHANGE HIGHER MIDDAY Friday August 18

AUDUSD FOREX EXCHANGE HIGHER MIDDAY Friday August 18

AUDUSD FOREX EXCHANGE increased 0.0051 or 0.64% to 0.7935 on Friday August 18 from 0.7884
As noted before, the corrective pull back from 0.8065 should have completed at 0.7807, ahead of 0.7785 cluster support (38.2% retracement of 0.7328 to 0.8065 at 0.7783) as expected. Intraday bias remains mildly on the upside for retesting 0.8065 first. Firm break there will resume the medium term rise and target 100% projection of 0.6826 to 0.7833 from 0.7328 at 0.8335.

AUDUSD FOREX EXCHANGE increased 0.0051 or 0.64% to 0.7935 on Friday August 18 from 0.7884 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

24-hour view: “We indicated yesterday that while extension higher is likely, “a sustained move above 0.7955 is not expected”. AUD briefly touched a high of 0.7962 but the subsequent sharp drop from the top came as a surprise.



AUDUSD FOREX EXCHANGE

The decline appears to have scope to extend lower to 0.7855/60 but a clear break below this level is not expected for now (next support is at 0.7830). Resistance is at 0.7905 followed by 0.7935. The high of 0.7962 is not expected to come into the picture”.

Next 1-3 weeks: “We turned neutral on AUD yesterday and were of the view that the immediate upward pressure could carry it higher but the 0.7980 level is expected to offer solid resistance. AUD hit a high of 0.7962 but the up-move was quickly reversed. From here, as long as 0.7850 is intact, another attempt to test 0.7980 is not ruled out even though the odds for such a move have diminished after the sharp pullback yesterday. A clear move back below 0.7850 would increase the risk of a break of the major support near 0.7805 (rising daily trend-line support which coincides with the 0.7806 low seen earlier this week)”.




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AUDUSD flirting with 2-month lows

AUDUSD FOREX EXCHANGE OPENED Higher Friday August 18

FOREX EXCHANGE OPENED Higher Friday August 18

 AUDUSD FOREX EXCHANGE decreased 0.0048 or 0.60% to 0.7875 on Friday August 18 from 0.7922
It is true that this pair is on the rise. But as a trader, you need to think ahead. I am seeing possible BEAR attack near 0.7985 level and it gonna be hard. From there, we need to see how candle form by then. I am expecting more bears will unleashed soon. Trade

 

 AUDUSD FOREX EXCHANGE decreased 0.0048 or 0.60% to 0.7875 on Friday August 18 from 0.7922 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001

AUD/USD’s strong rebound and break of 0.7918 resistance suggests that pull back fro 0.8065 has completed at 0.7807. The pair was supported by 0.7785 cluster support (38.2% retracement of 0.7328 to 0.8065 at 0.7783) as expected. Intraday bias is turned back to the upside for retesting 0.8065 first. Firm break there will resume the medium term rise and target 100% projection of 0.6826 to 0.7833 from 0.7328 at 0.8335.



 AUDUSD FOREX EXCHANGE

In the bigger picture, rise from 0.6826 medium term bottom is still in progress. At this point, there is no confirmation of trend reversal yet and we’ll continue to treat such rebound as a corrective pattern. But in any case, break of 55 month EMA (now at 0.8100) will target 38.2% retracement of 1.1079 to 0.6826 at 0.8451. Break of 0.7328 support is needed to confirm completion of the rebound. Otherwise, further rise is now expected.




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AUDUSD flirting with 2-month lows

AUDUSD Forex Exchange Higher Midday Thursday August 17

AUDUSD Forex Exchange Higher Midday Thursday August 17

AUDUSD Forex Exchange increased 0.0003 or 0.03% to 0.7925 on Thursday August 17 from 0.7922
Having touched a two-week high level of 0.7963, the AUD/USD pair changed course and has now drifted into negative territory. Currently placed at session lows, around the 0.7920-15 region, the pair stalled its strong recovery move from near one-month lows touched on Tuesday and retreated around 40-pips from session tops.

AUDUSD Forex Exchange increased 0.0003 or 0.03% to 0.7925 on Thursday August 17 from 0.7922 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

AUD/USD’s strong rebound and break of 0.7918 resistance suggests that pull back fro 0.8065 has completed at 0.7807. The pair was supported by 0.7785 cluster support (38.2% retracement of 0.7328 to 0.8065 at 0.7783) as expected. Intraday bias is turned back to the upside for retesting 0.8065 first. Firm break there will resume the medium term rise and target 100% projection of 0.6826 to 0.7833 from 0.7328 at 0.8335.




AUDUSD Forex Exchange

In the bigger picture, rise from 0.6826 medium term bottom is still in progress. At this point, there is no confirmation of trend reversal yet and we’ll continue to treat such rebound as a corrective pattern. But in any case, break of 55 month EMA (now at 0.8100) will target 38.2% retracement of 1.1079 to 0.6826 at 0.8451. Break of 0.7328 support is needed to confirm completion of the rebound. Otherwise, further rise is now expected.




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AUDUSD flirting with 2-month lows

AUDUSD Forex Exchange Opened Thursday August 17

AUDUSD Forex Exchange Opened Wednesday August 16

AUDUSD Forex Exchange increased 0.0114 or 1.45% to 0.7932 on

 Thursday August 17

from 0.7818 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

AUD/USD gained momentum after the beginning of the American session and climbed, breaking above previous highs. The pair bounced at 0.7850 and rose to 0.7892, hitting a 2-day high.

Currently, the pair trades at 0.7885, up 65 pips for the day, having the best performance in three weeks. Yesterday it dropped to the lowest in almost a month, finding support slightly above 0.7800.



 

AUDUSD Forex Exchange

A decline of the US dollar, particularly against emerging and commodity currencies, is boosting AUD/USD to the upside. The greenback was also affected by weaker-than-expected US data. Housing starts and building permits dropped significantly.

US: Privately-owned housing starts in July were at 1,155,000

Traders are now waiting for the release of the FOMC minutes of the July meeting. Back then, the Fed left interest rates unchanged, even though, discussions about the future of monetary policy likely took place. Analysts will look for clues about the next steps of the Central Bank. The volatility of the US dollar is likely to rise near 18:00 GMT, when the document will be published.



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AUDUSD flirting with 2-month lows

AUDUSD FOREX EXCHANGE Higher Midday Wednesday August 16

AUDUSD FOREX EXCHANGE Higher Midday Wednesday August 16

AUDUSD FOREX EXCHANGE increased 0.0059 or 0.75% to 0.7877 on Wednesday August 16 from 0.7818
the AUD/USD is trading .7864, up 0.0046 or +0.58% and the NZD/USD is at .7244, up 0.0010 or +0.13%.Today, investors will get the opportunity to react to U.S. Building Permits and Housing Starts. Building permits are expected to show a 1.25 million unit increase. Housing starts are expected to come in at 1.22 million units. The market moving event, however, will be the FOMC Meeting Minutes, due out at 1800 GMT, if it reveals any fresh insight from the central bank on inflation.

AUDUSD FOREX EXCHANGE increased 0.0059 or 0.75% to 0.7877 on Wednesday August 16 from 0.7818 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

The correction from 0.8065 is still in progress and with 0.7948 minor resistance intact, deeper decline could be seen in AUD/USD. But we’d expect strong support from 0.7785 cluster support (38.2% retracement of 0.7328 to 0.8065 at 0.7783) to contain downside and bring rebound. On the upside, break of 0.7948 will argue that the pull back is completed. In such case, intraday bias will be turned back to the upside for retesting 0.8065.

 



AUDUSD FOREX EXCHANGE

In the bigger picture, rise from 0.6826 medium term bottom is still in progress. At this point, there is no confirmation of trend reversal yet and we’ll continue to treat such rebound as a corrective pattern. But in any case, break of 55 month EMA (now at 0.8100) will target 38.2% retracement of 1.1079 to 0.6826 at 0.8451. Break of 0.7328 support is needed to confirm completion of the rebound. Otherwise, further rise is now expected.




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AUDUSD flirting with 2-month lows

AUDUSD Forex Exchange Opened Lower Wednesday August 16

AUDUSD Forex Exchange Opened Lower Wednesday August 16

AUDUSD Forex Exchange decreased 0.0024 or 0.31% to 0.7825 on Wednesday August 16 from 0.7849
In making the decision, members acknowledged that global economic conditions had continued to improve, citing China and the Eurozone in particular, with demand from the Chinese industrial sector having been stronger than anticipated, driving commodity prices higher. Members also noted that labour market conditions had continued to tighten in a number of economies, whilst inflation remained subdued.

AUDUSD Forex Exchange decreased 0.0024 or 0.31% to 0.7825 on Wednesday August 16 from 0.7849 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

The correction from 0.8065 is still in progress and with 0.7948 minor resistance intact, deeper decline could be seen in AUD/USD. But we’d expect strong support from 0.7785 cluster support (38.2% retracement of 0.7328 to 0.8065 at 0.7783) to contain downside and bring rebound. On the upside, break of 0.7948 will argue that the pull back is completed. In such case, intraday bias will be turned back to the upside for retesting 0.8065.



AUDUSD Forex Exchange 

In the bigger picture, rise from 0.6826 medium term bottom is still in progress. At this point, there is no confirmation of trend reversal yet and we’ll continue to treat such rebound as a corrective pattern. But in any case, break of 55 month EMA (now at 0.8100) will target 38.2% retracement of 1.1079 to 0.6826 at 0.8451. Break of 0.7328 support is needed to confirm completion of the rebound. Otherwise, further rise is now expected.




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