Analysis Of The Aud/usd Parity
The Week Ahead
Highlights
- Has the EU summit been a damp squib?
- Is global growth reaching a bottom?
- US data and FOMC in focus
- Bank of Canada may not be as hawkish
- Australia and New Zealand CPI to support easing bias
Has the EU summit been a damp squib?
At the time of writing the EU summit was coming to an end in Brussels and there had been no showpiece event like an aid request for Spain. The chief outcome has been an agreement with Europe's leaders that the ECB will eventually be the single body responsible for all banking supervision in the Eurozone. There is no concrete time table to bring in this uber-banking regulator and there was no commitment to finalise either the date of implementation or exactly what the supervision will entail. For example, will large ...
Commentary of the AUD/USD parity:
The pair AUD/USD just validated a return above 1.01, offering a buy signal.
Indicators are globaly bullish.
We continue to advise long positions as far as 1.0050 is support.
The breakout of 1.0150 will give a new buy signal and will open the way towards 1.02.
In case of return below 1.0050, we will wait the breakout of 1.0 to advise short positions.
See the previous analysis of the AUD/USD parity of June 27th, 2012
AUD/USD Analysis
Commentary of the AUD/USD parity:
The pair AUD/USD continues without any strengh its rebound after have found support on 1.0 last monday.
The pair is currently moving around 1.0050.
Indicators are mitigated.
We are neutral between 1.00 and 1.01.
We advise to wait an exit of this range to take position:
- Long above 1.01. The breakout of 1.02 will give a new buy signal
- Short below 1.00. The breakout of 0.99 will give a new sell signal.
See the previous analysis of the AUD/USD parity of June 26th, 2012
AUD/USD Analysis
Commentary of the AUD/USD parity:
The pair AUD/USD has faked yesterday a breakout of the support at 1.0 and is currently rebounding towards 1.0050.
Indicators are mitigated.
We are neutral between 1.00 and 1.01.
We advise to wait an exit of this range to take position:
- Long above 1.01. The breakout of 1.02 will give a new buy signal
- Short below 1.00. The breakout of 0.99 will give a new sell signal.
See the previous analysis of the AUD/USD parity of June 25th, 2012
AUD/USD Analysis
Commentary of the AUD/USD parity:
The pair ADU/USD continue its correction and is moving towards 1.0.
Indicators are mitigated.
We are neutral between 1.00 and 1.01.
We advise to wait an exit of this range to take position:
- Long above 1.01. The breakout of 1.02 will give a new buy signal
- Short below 1.00. The breakout of 0.99 will give a new sell signal.
See the previous analysis of the AUD/USD parity of June 22th, 2012
AUD/USD Analysis
Commentary of the AUD/USD parity:
The pair AUD/USD has validated yesterday a return below 1.01 after have found resistance on 1.02.
The pair is now going to test the support at 1.0.
Indicators are mitigated.
We are neutral between 1.00 and 1.01.
We advise to wait an exit of this range to take position:
- Long above 1.01. The breakout of 1.02 will give a new buy signal
- Short below 1.00. The breakout of 0.99 will give a new sell signal.
See the previous analysis of the AUD/USD parity of June 21th, 2012
AUD/USD Analysis
Commentary of the AUD/USD parity:
The pair AUD/USD found resistance yesterday on 1.02 and just felt below the minor support at 1.0150.
All indicators are bullish.
We continue to advise long positions as far as 1.050 is support.
The breakout of 1.02 will give a new buy signal and open the way towards 1.03.
In case of return below 1.0050, we will wait the breakout of 1.0 to advise short positions;
See the previous analysis of the AUD/USD parity of June 20th, 2012
AUD/USD Analysis
Commentary of the AUD/USD parity:
The pair AUD/USD continues its bullish rally and is currently testing the resistance at 1.02.
All indicators are bullish.
We continue to advise long positions as far as 1.050 is support.
The breakout of 1.02 will give a new buy signal and open the way towards 1.03.
In case of return below 1.050, we will wait the breakout of 1.0 to advise short positions;
See the previous analysis of the AUD/USD parity of June 19th, 2012
AUD/USD Analysis
Commentary of the AUD/USD parity:
The pair AUD/USD continues its bullish rally above 1.01 towards the next resistance at 1.02.
All indicators are bullish.
We continue to advise long positions as far as 1.0 is support.
The breakout of 1.02 will give a new buy signal and open the way towards 1.03.
In case of return below 1.0, we will wait the breakout of 0.99 to advise short positions;
See the previous analysis of the AUD/USD parity of June 18th, 2012
AUD/USD Analysis