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Parity Is Currently TestingTitle:
Technical analysis of the AUD/USD parity on April 18th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD is currently testing its historical highs of April 11th towards 1.0575. Indicators are bullish. We maintain to trade only long positions as far as 1.0450 is support. The breakout of 1.06 will give a new buy signal and will open the way towards new highs (potential resistance : 1.07).
See the previous analysis of the AUD/USD parity of April 15th, 2011
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Technical analysis of the AUD/USD parity on April 14th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD is currently testing a breakout of the resistance at 1.05. Indicators are mitigated. We stay neutral on the pair between 1.04 and 1.05. We advise to wait an exit of this range to take position:
- Long of 1.05 is broken
- Short if 1.04 is broken.
See the previous analysis of the AUD/USD parity of April 13th, 2011
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Technical analysis of the AUD/USD parity on April 8th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues its bullish rallye and is currently testing the resistance at 1.05. All indicators are bullish. We maintain to trade only long positions as far as 1.04 is support. The breakout of 1.05 will give a new buy signal for new historical highs. The next resistance should be at 1.06.
See the previous analysis of the AUD/USD parity of April 7th, 2011
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Technical analysis of the AUD/USD parity on March 30th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD made yesterday a pullback on 1.02 as support. The pair well rebounded and is currently testing a breakout of 1.03. 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 a pursuit of the movement towards new historical highs (possible resistance at 1.04).
See the previous analysis of the AUD/USD parity of March 29th, 2011
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Technical analysis of the AUD/USD parity on March 18th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD is currently testing to make a double top on 0.9950. Indicators stay globaly bearish. We stay neutral on the pair between 0.99 and 1.0. We advise to wait an exit of this range to take positions:
- Long if 1.0 is broken
- Short if 0.99 is broken.
See the previous analysis of the AUD/USD parity of March 17th, 2011
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Technical analysis of the AUD/USD parity on March 11th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues its bearish movement and is currently testing its next support at 1.0. All indicators are bearish. We maintain to trade only short positions as far as 1.0075 is resistance. If the price stay below 1.0050 will comfort our bearish feeling. The breakout of 1.0 will give a new sell signal. The next support is at 0.9950.
See the previous analysis of the AUD/USD parity of March 10th, 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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Technical analysis of the AUD/USD parity on February 23th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD finaly faked a breakout of 1.0. The pair is currently testing a shiny rebound. All indicators are bearish. We stay neutral on the pair between 0.9950 and 1.0050. We will wait an exit of this range to take position:
- Long if 1.0050 is broken
- Short if 0.9950 is broken
See the previous analysis of the AUD/USD parity of February 22th, 2011
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Technical analysis of the AUD/USD parity on February 22th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD felt strongly and is currently testing the support at 1.0. All indicators are getting bearish. We stay neutral on the pair between 0.9950 and 1.0050. We will wait an exit of this range to take position:
- Long if 1.0050 is broken
- Short if 0.9950 is broken
See the previous analysis of the AUD/USD parity of February 21th, 2011
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