Monthly archive May, 2017

Key Points

• The Aussie Dollar after moving towards the 0.7550 level found sellers and moved down.
• The AUDUSD pair broke two bullish trend lines with support at 0.7530 and 0.7525 on the hourly chart.
• Recently in Australia, the AiG Performance Read More →

Key Points

• The Euro remained in the bullish trend against the US Dollar with support on the downside at 1.0885.
• The EURUSD pair recently broke a bearish trend line with resistance at 1.0910 on the hourly chart.
• Recently in the Read More →

Yesterday a number of markets were closed for May day celebrations, however we had some data reported out o fthe US. ISM manaufacturing data, Personal Spending & Personal Income all slipped lower.

The USD closed higher yesterday but Read More →

Key Points

• The Aussie Dollar started an upside move after correcting towards 1.0875 against the New Zealand Dollar.
• Earlier, the AUDNZD pair broke a bullish trend line with support at 1.0910 on the hourly chart.
• Recently in Australia, the RBA Read More →