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Parity The Parity Is CurrentlyTitle:
Technical analysis of the AUD/USD parity on October 7th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD is currently testing a return above 0.98.
The pair is back above the midline of its long term bearish channel.
All indicators are bullish.
We stay neutral on the pair between 0.96 and 0.98.
We advise to wait an exit of this range to take position:
- Long if 0.98 is broken. The breakout of 0.99 will give a new buy signal
- Short if 0.96 is broken. The breakout of 0.95 will give a new sell signal.
See the previous analysis of the AUD/USD parity of October 6th, 2011
AUD/USD Analysis
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Technical analysis of the AUD/USD parity on October 4th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD has validated yesterday the breakout of 0.96, offering a new sell signal.
The pair is currently moving below its long term bearish channel (purple lines) and is testing the support at 0.95.
All indicators are bearish.
We maintain to trade only short positions as far as 0.96 is resistance.
The breakout of 0.95 will give a new sell signal and open the way towards 0.94.
In case of return above 0.96, we will wait the breakout of 0.98 to advise long positions.
See the previous analysis of the AUD/USD parity of October 3rd, 2011
AUD/USD Analysis
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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
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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
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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
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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
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The Weekly Bottom Line : 23/09/2011
The Weekly Bottom Line : 23/09/2011
HIGHLIGHTS OF THE WEEK
United States
A deterioration of the global economic growth outlook caused a worldwide sell-off in equities. U.S. Treasury yields are down sharply, and the U.S. dollar appreciated in tandem.
The Federal Reserve announced additional policy actions to stimulate the faltering U.S. economy.
Recent developments suggest the downside risks we highlighted in our latest quarterly economic forecast have intensified.
Canada
Financial market unrest reared its ugly head once again this past week. The Canadian dollar closed below parity relative to the greenback for the first time since January. The S&P/TSX composite index also slipped into bear territory for the first time since Lehman Brothers Holdings collapsed.
The ...
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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
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Technical analysis of the AUD/USD parity on September 20th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD is currently moving on the support at 1.02.
All indicators are 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 19th, 2011
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