Aud/usd Parity On August

Citing a failure of the Congressional super committee to address the US deficit Fitch moved to change its outlook on US government debt to negative from stable. Economic News USD - Fitch Warns on US Credit Rating Yesterday Fitch warned on the US credit rating. Citing a failure of the Congressional super committee to address the US deficit Fitch moved to change its outlook on US government debt to negative from stable. Technically this means there is a chance of a ratings downgrade within the next two years. This puts Fitch on the same level with Moody's and one level above S&P who downgraded the US credit rating in August, igniting a storm in the financial markets. The move by S&P to lower the AAA rating of the US fueled sharp declines in equity markets and a rush to safe haven ...

The Australian dollar dropped below the parity level with its US counterpart as signs of slower manufacturing in China and falling stocks weakened demand for Australia’s currency. The HSBC preliminary manufacturing Purchasing Managers’ Index dropped to 49.4 in September from 49.9 in August. That’s the lowest level in two months. The MSCI Asia Pacific Index of stocks dropped as much as 4.1 percent, while the Stoxx Europe 600 Index lost 4.2 percent. AUD/USD dropped from 1.0043 to 0.9774 as of 15:50 GMT today after reaching the daily low of 0.9735.

Commentary of the AUD/USD parity: The pair AUD/USD continues its bullish rallye but is currently finding resistance on 1.07. All indicators are bullish. We maintain to trade only long positions as far as 1.06 is support. The breakout of 1.07 will give a new buy signal and open the way towards 1.08. In case of return below 1.06, we will wait the breakout of 1.05 to advise short positions. See the previous analysis of the AUD/USD parity of August 31th, 2011

Commentary of the AUD/USD parity: The pair AUD/USD is currently testing the next resistance at 1.07. All indicators are bullish. We maintain to trade only long positions as far as 1.0550 is support. The breakout of 1.07 will give a new buy signal and open the way towards 1.08. In case of return below 1.0550, we will wait the breakout of 1.05 to advise short positions. See the previous analysis of the AUD/USD parity of August 30th, 2011

Commentary of the AUD/USD parity: The pair AUD/USD validated yesterday the breakout of the resistance at 1.06, offering a new buy signal. All indicators are bullish. We maintain to trade only long positions as far as 1.0550 is support. The breakout of 1.07 will give a new buy signal and open the way towards 1.08. In case of return below 1.0550, we will wait the breakout of 1.05 to advise short positions. See the previous analysis of the AUD/USD parity of August 29th, 2011

Commentary of the AUD/USD parity: The pair AUD/USD is currently testing the breakout of the resistance at 1.06. All indicators are bullish. We maintain to trade only long positions as far as 1.05 is support. The validation of the breakout of 1.06 will give a new buy signal and open the way towards 1.07. In case of return below 1.05, we will wait the breakout of 1.04 to advise short positions. See the previous analysis of the AUD/USD parity of August 26th, 2011

Commentary of the AUD/USD parity: The pair AUD/USD continues to move above 1.04 but failed the break the resistance at 1.05. This resistance is currently tested. Indicators are globaly bullish. We maintain to trade the pair according to 1.04: - Only short positions as far as 1.04 is resistance. The breakout of 1.03 and 1.02 will both give a new sell signal - Only long posiitons if 1.04 become support. The breakout of 1.05 and 1.06 will both give a new buy signal. See the previous analysis of the AUD/USD parity of August 25th, 2011

Commentary of the AUD/USD parity: The pair AUD/USD continues to move above 1.04 but failed to break the resistance at 1.05. Indicators are globaly bullish. We maintain to trade the pair according to 1.04: - Only short positions as far as 1.04 is resistance. The breakout of 1.03 and 1.02 will both give a new sell signal - Only long posiitons if 1.04 become support. The breakout of 1.05 and 1.06 will both give a new buy signal. See the previous analysis of the AUD/USD parity of August 24th, 2011

Commentary of the AUD/USD parity: The pair AUD/USD just faked the breakout of the resistance at 1.05. The pair is currently falling towards 1.04. All indicators are still bullish. We maintain to trade the pair according to 1.04: - Only short positions as far as 1.04 is resistance. The breakout of 1.03 and 1.02 will both give a new sell signal - Only long posiitons if 1.04 become support. The breakout of 1.05 and 1.06 will both give a new buy signal. See the previous analysis of the AUD/USD parity of August 23th, 2011