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Aud/usd Parity On SeptemberTitle:
Technical analysis of the AUD/USD parity on October 3rd, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues to move into its long term bullish channel (purple lines).
The pair is going to test the lower band and has validated the breakout of 0.97, offering us a new sell signal.
0.96 is currently tested as support.
All indicators are bearish.
We maintain to trade only short positions as far as 0.98 is resistance.
The breakout of 0.96 will give a new sell signal and open the way towards 0.95.
In case of return above 0.98, we will wait the breakout of 1.0 to advise long positions.
See the previous analysis of the AUD/USD parity of September 30th, 2011
AUD/USD Analysis
Title:
Technical analysis of the AUD/USD parity on September 30th, 2011
Commentary of the AUD/USD parity:
The pair ADU/USD continues to move into its long term bearish channel (purple line).
The pair is still finding support on 0.97 but failed to break 0.98.
All indicators are bearish.
We maintain to trade only short positions as far as 0.99 is resistance.
The breakout of 0.97 will give a new sell signal and open the way towards 0.96.
In case of return above 0.99, we will wait the breakout of 1.0 to advise long positions.
See the previous analysis of the AUD/USD parity of September 29th, 2011
AUD/USD Analysis
Title:
Technical analysis of the AUD/USD parity on September 29th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD felt yesterday and has validated the breakout of 0.98, offering a sell signal.
Then, the pair found support on 0.97 and is currently trying a return above 0.98.
The pair is still above its long term bullish channel.
All indicators are bearish.
We maintain to trade only short positions as far as 0.99 is resistance.
The breakout of 0.97 will give a new sell signal and open the way towards 0.96.
In case of return above 0.99, we will wait the breakout of 1.0 to advise long positions.
See the previous analysis of the AUD/USD parity of September 28th, 2011
AUD/USD Analysis
Title:
Technical analysis of the AUD/USD parity on September 28th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continued its bullish correction yesterday towards 1.0 (level who matches with the upper band of its bearish channel).
The pair just validated a return below 0.99.
Indicators are now globaly bullish.
We stay neutral on the pair between 0.98 and 1.0.
We advise to wait an exit of this range to take position:
- Long if 1.0 is broken. The breakout of 1.01 will give a new buy signal.
- Short if 0.98 is broken. The breakout of 0.97 will give a new sell signal.
See the previous analysis of the AUD/USD parity of September 27th, 2011
AUD/USD Analysis
Title:
Technical analysis of the AUD/USD parity on September 27th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD found support yesterday on 0.97.
The pair is currently validating a return above 0.98 and is going to test the next resistance at 0.99.
Indicators stay globaly bearish.
We stay neutral on the pair between 0.98 and 1.0.
We advise to wait an exit of this range to take position:
- Long if 1.0 is broken. The breakout of 1.01 will give a new buy signal.
- Short if 0.98 is broken. The breakout of 0.97 will give a new sell signal.
See the previous analysis of the AUD/USD parity of September 26th, 2011
AUD/USD Analysis
Title:
Technical analysis of the AUD/USD parity on September 26th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD is currently testing the breakout of 0.97 for a new sell signal.
The pair is also testing the lower band of its bearish channel.
All indicators are bearish.
We maintain to trade only short positions as far as 0.9850 is resistance.
The breakout of 0.97 will give a new sell signal and open the way towards 0.96.
However, if 0.9850 is broken, we will wait the breakout of 1.0 to advise long positions.
See the previous analysis of the AUD/USD parity of September 22th, 2011
AUD/USD Analysis
Title:
Aussie Below Parity with Greenback
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.
Title:
Technical analysis of the AUD/USD parity on September 22th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD has validated yesterday the breakout of 1.02 and 1.01.
The pair is currently testing the next support at 1.0.
All indicators are bearish.
We maintain to trade only short positions as far as 1.0150 is resistance.
The breakout of 1.0 will give a new sell signal and open the way towards 0.99.
However, if 1.0150 is broken, we will wait the breakout of 1.04 to advise long positions.
See the previous analysis of the AUD/USD parity of September 21th, 2011
AUD/USD Analysis
Title:
Technical analysis of the AUD/USD parity on September 21th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD faked yesterday the breakout of 1.02.
The pair is now back on 1.03 as resistance.
Indicators stay globaly bearish.
We maintain to trade only short positions as far as 1.03 is resistance.
The breakout of 1.02 will give a new sell signal and open the way towards 1.01.
However, if 1.03 is broken, we will wait the breakout of 1.04 to advise long positions.
See the previous analysis of the AUD/USD parity of September 20th, 2011
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