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AUDUSD: Faces Further Bearishness.

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Old 28-11-2013, 01:14
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Default AUDUSD: Faces Further Bearishness.

AUDUSD: Faces Further Bearishness.

AUDUSD: Having continued to weaken, we see risk of further downside towards the 0.9000 level where a break will target further downside towards the 0.8950 level. Further down, support stands at the 0.8900 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 0.9150 level followed by the 0.9202 level. A cut through here will aim at the 0.9250 level. Further out, resistance comes in at the 0.9300 level. All in all, the pair remains biased to the downside.

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Old 29-11-2013, 07:23
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Default Re: AUDUSD: Faces Further Bearishness.

AUD/USD dipped to a fresh 2.5-month low at $0.9055 before recovering some ground to $0.9090. AUD weakened on the news that Australia blocked a $2.7 billion bid by US agribusiness company Archer Daniels Midland. The deal could have provided more capital to boost the sector. Another bad news for the Aussie was that the mining giant Rio Tinto had closed its loss-making aluminum refinery where 1,500 people are employed.
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Old 02-12-2013, 07:35
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Default Re: AUDUSD: Faces Further Bearishness.

Commodity currencies are supported by the upbeat Chinese data. China's official November manufacturing PMI, released over the weekend, held at an 18-month high of 51.4, unchanged from October and the forecast of 51.2. HSBC manufacturing PMI, released early Monday, has also come above the forecast at 50.8 (forecast: 50.5, prior: 50.4). As a result, AUD/USD opened the week with a bullish gap at $0.9130, retraced lower to fill it and then has extended growth on HSBC figures. The pair is currently trading around $0.9160. Donít forget the RBA holds a monthly policy meeting on Tuesday.
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Old 31-12-2013, 17:01
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Default Re: AUDUSD: Faces Further Bearishness.

AUDUSD pair rose but might face a pull back in the coming days...
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Old 13-08-2015, 08:47
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Default Re: AUDUSD Technical Analysis For 13th August 2015


The pair is trading below its previous day's significant level 0.73921. It is anticipated that the pair will continue down to the level 0.7323. In case the price breaks past this level, we expect further movements down to the level 0.72848.
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