AUD News 

Bearish on EUR/USD, GBP/USD, AUD/USD, and NZD/USD – UOB

“Here is their view, courtesy of eFXdata: EUR/USD: Bearish (since 01 May 18, 1.2075): EUR has to stay below 1.1910/15 or the risk of a short-term low would increase quickly” writes Yohay’s Google Profile for forexcrunch.com. NZD/USD: Bearish (since 02 May 18, 0.7005): Increasing risk of a short-term low. Source: forexcrunch.com Share This:

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AUD News 

AUD/USD analysis: at its lowest for 2018 and bearish

“The AUD/USD pair settled at its lowest for this 2018 on Friday at 0.7712, as demand for commodity-linked currencies was undermined by escalating tensions about a trade war coming from the US. By the end of the week, US President trump announced he plans to impose additional tariffs on China, to compensate a $100B deficit with the country” reports fxstreet.com. Poor macroeconomic figures from Canada undermined further demand for commodity-related currencies while falling gold prices added to Aussie’s weakness.Technical indicators in the mentioned chart entered bearish territory with the RSI…

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AUD News 

Aussie holds up after navigating through data landmines this week

“It wasn’t an easy week for aussie traders, as there were lots of potential “landmines” that could have triggered uncertainty in the currency” reports forexlive.com. AUD/USD broke above 0.7800 yesterday as risk sentiment and headlines have been the dominant theme in trading this week. The economic calendar doesn’t have any major data points today in European trading, so it will be all about sentiment and flow over the next few hours.The market is looking awfully quiet right now as we await traders in Europe to come in. Source: forexlive.com Share This:

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AUD News 

AUDUSD keeps the lid on against the 100 and 200

“However, technicals – like the key 100 and 200 day MAs – act as a risk defining barometer for the bulls and bears” reports forexlive.com. The 100 hour MA at 0.7788 is moving down toward that 200 day MA.  Stay below the yellow area in the chart below, and the bears are more in control.The pair is lower (USD higher) bucking the trend for the USD in most of the other major currencies. Source: forexlive.com Share This:

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AUD News 

AUD/USD approaches key support levels, what next?

“At the moment, risk sentiment is the main driving force behind markets and that doesn’t bode well for the aussie and for commodities – which the aussie sentiment relies on as well” reports forexlive.com. But more so, recent data points such as yet another trade balance deficit and poor December retail sales aren’t really helping the case for a stronger aussie either. Source: forexlive.com Share This:

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AUD News 

AUD/USD falls to the lowest since July on more dovish talk

“The Australian dollar falls under 0.78 and probably in order to stay there” writes Yohay’s Google Profile for forexcrunch.com. They relate to the drop in retail sales and say that households have reached “crunch time”.This comes on top of a disappointing read on retail sales yesterday: a big drop of 0.6%, far worse than a rise of 0.3% that was expected. Source: forexcrunch.com Share This:

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