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Parity Found ResistanceTitle:
Technical analysis of the AUD/USD parity on April 5th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD found resistance on 1.04 and is currently falling down towards 1.03 as support. All indicators are bullish. We maintain to trade only long positions as far as 1.03 is support. The breakout of 1.04 will give a new buy signal for new historical highs (1.05 : potential resistance). However, if 1.03 is broken, we will then advise to trade only short positions.
See the previous analysis of the AUD/USD parity of April 4th, 2011
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Technical analysis of the AUD/USD parity on March 29th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD found resistance on 1.03 and made a little correction. All indicators are still bullish. We maintain to trade only long positions as far as 1.02 is support. The breakout of 1.03 will give a new buy signal for new historical highs.
See the previous analysis of the AUD/USD parity of March 28th, 2011
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Technical analysis of the AUD/USD parity on March 28th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues its bullish rallye towards new historical highs. However, the pair found resistance on 1.03 on Friday. All indicators are bullish. We maintain to trade only long positions as far as 1.02 is support. The breakout of 1.03 will give a new buy signal for new historical highs.
See the previous analysis of the AUD/USD parity of March 25th, 2011
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Dollar Weaker on Diverging Policy Expectations While Safe Havens Surge
The Week Ahead
Highlights
* Dollar weaker on diverging policy expectations while safe havens surge
* Pricing in that the Bank of England won't bite the bullet
* Flip-flopping Trichet may flip back to hawkish camp
* Aussie, Aussie, Aussie, Oi! Oi! Oi!
* Higher commodity prices here to stay?
* Key data and events to watch next week
US Dollar weaker on diverging policy expectations while safe havens surge
The past week saw a decline in the greenback as expectations that the Fed will lag other major central banks in lifting interest rates mounted and as commodities surged amid continued turmoil in the Middle East. Tensions in Libya drove commodities higher led by rising oil prices and saw significant flows into the CHF, JPY, and gold as investors sought safety. CHF ...
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GBP Strength Looks to Continue
A news heavy trading day saw sharp rallies in the pound while the Aussie dollar traded lower.
Economic News
USD - Dollar Shrugs Off Poor Retail Sales
Traders overlooked disappointing January retail sales numbers as the dollar was mixed versus the major currencies. Retail sales for the previous month failed to meet economists' expectations, positing a 0.3% increase on expectations of a 0.5% jump. December's sales numbers were revised lower to 0.5% from 0.6%, underscoring the negative tone of the report.
Other US economic data showed investors continued to increase their purchases of long term US securities as the TICS capital flow report released results showing 69.5B USD in purchases. Expectations were for purchases to total 91.3B.
When discussing the President's Federal budget plan, ...
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Technical analysis of the AUD/USD parity on February 8th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD just found support just above 1.01 and is now going to test the resistance at 1.02 (highest reached at the end of December 2010 - Begining of January 2011). All indicators are bullish. We maintain to trade only long positions as far as 1.01 is support. The breakout of 1.02 will give a new buy signal for new highs.
See the previous analysis of the AUD/USD parity of February 7th, 2011
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Technical analysis of the AUD/USD parity on February 7th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD just found resistance on 1.02 (highest of December 2010- begining of January 2011). All indicators are bullish. We maintain to trade only long positions as far as 1.01 is support. The breakout of 1.02 will give a new buy signal for new highs.
See the previous analysis of the AUD/USD parity of February 4th, 2011
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Technical analysis of the AUD/USD parity on January 24th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD just found support on 0.9850. All indicators are still bearish. We maintain to trade only short positions as far as 0.9950 is resistance. The breakout of 0.9850 will give a new sell signal. The next support is at 0.98. However, if 0.9950 is broken, we will then advise to trade only long positions as far as 0.99 is support.
See the previous analysis of the AUD/USD parity of January 21th, 2011
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Technical analysis of the AUD/USD parity on January 20th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD found resistance on 1.0050 after the breakout of 1.0. The pair is now falling down into the range 0.99/1.0. Indicators are mitigated. We stay neutral on the pair between 0.99 and 1.0. We will wait an exit of this range to take position:
- Long is 1.0 is broken
- Short if 0.99 is broken.
See the previous analysis of the AUD/USD parity of January 19th, 2011
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