The AUD/USD had a strong week last week after a period of consolidation in mid-January. A dovish Fed tone created weakness in the US dollar which added to the bullish move of the Aussie. This was then reinforced by a global ‘risk on’ tone in the equity markets. The coming Read more…
On the hourly chart this market has been trending down quite nicely, with lower highs and lower lows. Plenty of resistance where a stop loss would feel very safe. Resistance levels include: Monthly pivot point – 1.1405 Weekly pivot point – 1.1400 ATR stop – 1.1384 Daily R1 pivot point Read more…
Gold is the notorious safe haven asset, when you see uncertainty in the market, investors tend to flock to gold and the Japanese Yen. Given the recent turbulence with Brexit and the US and China trade war, it is no wonder we’re seeing XAU/USD show some strength over recent weeks. Read more…
With the Aussie dollar affected by relations between China and the US, a strong risk off move has happened with weaker third quarter GDP figures only compounding the pairing AUD/USD. This is causing a knock on affect to the other commodity reliant currencies. The NZD/USD has seen a selloff in Read more…
With the Australian dollar dependent on the US-China trade relations, it is still vulnerable to speculation. When you compare the pairs AUD/USD and USD/JPY, you can see weakness in the Aussie at a technical level and also potential strength in the Japanese Yen especially as it is a risk currency, Read more…
The AUD/USD is heavily affected by the US-China trade tensions and so despite the recent rally we have seen, we expect a negative comment due shortly. This pair has been trending lower since the beginning of the year and whilst the recent rally has pricked bull ears, it begins to Read more…