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Aud/usd Parity The ParityTitle:
Technical analysis of the AUD/USD parity on May 24th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD just found support on 1.05 and is currently trying to rebound towards 1.06. The pair is still moving below its bearsih slant. All indicators are bearish. We maintain to trade only short positions as far as 1.0650 is resistance. The breakout of 1.05 will give a new sell signal and open the way towards 1.04. In case of return just aboev 1.0650, we will then advise to wait a breakout of 1.07 to trade long positions.
See the previous analysis of the AUD/USD parity of May 23th, 2011
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Technical analysis of the AUD/USD parity on May 23th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD is now moving below a bearish slant. The pair found resistance on 1.07 before felt strongly. The pair is currently testing 1.06. Indicators are globaly bearish. We maintain to trade only short positions as far as 1.07 is resistance. The breakout of 1.05 will give a new sell signal and open the way towards 1.04. In case of return just aboev 1.07, we will then advise to trade long positions.
See the previous analysis of the AUD/USD parity of May 20th, 2011
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Technical analysis of the AUD/USD parity on May 20th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues its rebound towards 1.07 after a pullback on 1.06 as support. Indicators are mitigated.
We maintain to trade only short positions as far as 1.07 is resistance. A return below 1.06 will comfort our bearish feeling and the breakout of 1.05 will give a new sell signal and open the way towards 1.04. However, if 1.07 is broken, we will then advise to trade long positions.
See the previous analysis of the AUD/USD parity of May 19th, 2011
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Technical analysis of the AUD/USD parity on May 19th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues its rebound towards 1.07 after a pullback on the support at 1.06. Indicators are mitigated. We maintain to trade only short positions as far as 1.07 is resistance. A return below 1.06 will comfort our bearish feeling and the breakout of 1.05 will give a new sell signal and open the way towards 1.04. However, if 1.07 is broken, we will then advise to trade long positions.
See the previous analysis of the AUD/USD parity of May 18th, 2011
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Technical analysis of the AUD/USD parity on May 18th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD made yesterday a lowest on the support at 1.05. The price is now moving just above 1.06. Indicators are mitigated. We maintain to trade only short positions as far as 1.07 is resistance. The breakout of 1.05 will give a new sell signal and open the way towards 1.04. However, if 1.07 is broken, we will then advise to trade long positions.
See the previous analysis of the AUD/USD parity of May 17th, 2011
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Technical analysis of the AUD/USD parity on May 17th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD made yesterady a lowest just above the support at 1.05. The pair is now back on 1.06 as resisdtance. All indicators are bearish. We maintain to trade only short positions as far as 1.07 is resistance. The breakout of 1.05 will give a new sell signal and open the way towards 1.04. However, if 1.07 is broken, we will then advise to trade long positions.
See the previous analysis of the AUD/USD parity of May 16th, 2011
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Technical analysis of the AUD/USD parity on May 16th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD made a new high on Friday on 1.07 before falling down. The pair just validated the breakout of 1.06, offering a new sell signal. We maintain to trade only short positions as far as 1.07 is resistance. The breakout of 1.05 will give a new sell signal and open the way towards 1.04. However, if 1.07 is broken, we will then advise to trade long positions.
See the previous analysis of the AUD/USD parity of May 13th, 2011
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Technical analysis of the AUD/USD parity on May 13th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD found support yesterday on 1.06 to make a double bottom with the lowest of May 5th. The pair then rebounded and is now testing the resistance at 1.07. We now advise to trade the pair according to this level:
- Long above 1.07. The breakout of 1.08 will give a new buy signal
- Short below 1.07. The breakout of 1.06 will give a new sell signal.
See the previous analysis of the AUD/USD parity of May 12th, 2011
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Technical analysis of the AUD/USD parity on May 12th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD felt strongly yesterday after the test of the resistance at 1.09. The pair just validated the breakout of 1.07, offerign a new sell signal. All indicators are bearish. We maintain to trade only short positions as far as 1.0750 is resistance. The breakout of 1.06 will give a new sell signal and open the way towards 1.05. In case of return above 1.0750, we will wait the breakout of 1.08 to trade long positions.
See the previous analysis of the AUD/USD parity of May 11th, 2011
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