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AUD Daily Review November 7, 2018

AUD Daily Review for November 7, 2018

AUD/USD Technical Analysis: searching for 0.7250 in risk-on markets

AUD/USD M5 Hourly candles see the Aussie picking up firmer support from the 38.2% Fibo retracement level at 0.7185, with the 50-hour EMA providin


AUD/NZD just took out the 61.8% retracement Fibo on very healthy jobs data

AUD/NZD has been in decline since the double top of 8th/9th August highs and is now breaking into renewed bearish territory having just pierced the 61


AUD/JPY rises above 200-day MA for the first time since February

The AUD/JPY is currently reporting marginal gains at 82.20. More importantly, the JPY cross has peeped above the 200-day moving average (MA), current


AUD/USD cycling near lows amidst US election swings, ceiling remains at 0.7250

The AUD/USD is testing into the low end in early Wednesday trading, falling back from an early high above 0.7250 before turning about-face into 0.7215


Sources: Russia, Saudi Arabia start discussing oil production cuts in 2019 – TASS

According to the latest reports carried by the Russian media agency TASS, Russia and Saudi Arabia have begun discussing oil production cuts in 2019.


AUD/NZD: en-route towards May and June lows at 1.0657/70

AUD/NZD dropped below the 200 week moving average at 1.0762 for the first time in four months after this week’s jobs data that followed a series of mo


AUD/USD: has eroded the 0.7240 2018 channel, eyes now to 0.7474 9th July high

AUD/USD has rallied from 0.72 the figure and the heels of the Kiwi that came out with some very impressive jobs data yesterday. The dollar was also on


USD JPY and AUD USD Forecast November 8, 2018

The US dollar has gone back and forth during the trading session on Wednesday in reaction to the election results, which have been erratic to say the least. …


Have a nice trading!

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