As mentioned during last week that sooner or later we expected a fall (quoted above), The Aussie-Dollar (AUD/USD) found resistance below 1.
Nov 18, 2012 | ForexAbode
After earlier upside momentum, demand for risk receded throughout the US session with global growth concerns once again a key stumbling block. Comments from non-voting Fed Philadelphia President Charles Plosser provided a decidedly negative spin on the Fed's latest stimulus efforts noting "...
By Chris Gore | Sep 25, 2012 | GoMarkets
AUD/USD jumped to as high as 1.0624 last week and breached 1.0612 resistance. Current development suggests that rise from 0.9588 has resumed and initial bias remains on the upside. Next target will be 1.0852 key resistance level next. On the downside, though, break of 1.0420 support will suggest short term topping and turn focus back to 1.0165 support instead.
Sep 15, 2012 | ActionForex
Despite diving to as low as 1.0165 and breached 1.0176 support, AUD/USD staged a strong rebound from there. Initial bias is on the upside this week and current rally could extend to 61.8% retracement of 1.0612 to 1.0165 at 1.0441 and possibly above. But we'll be cautiously on reversal signal ahead of 1.0612 resistance. On the downside, below 1.
Sep 09, 2012 | ActionForex
AUD/USD's fall from 1.0612 continued last week as expected and reached as low as 1.0276 so far. Downside momentum is a bit unconvincing. But we'll hold to our bearish view as long as 1.0410 minor resistance holds. That is, rise fro 0.9588 is completed at 1.0612 already. And, fall from there should extend to 1.0176 support and below. Though, break of 1.
Sep 02, 2012 | ActionForex
The pair remains vulnerable to the downside on corrective pullback as it closed lower for the week. This development now leaves AUDUSD vulnerable to the downside towards the 1.0327 level. As long as this caps declines, its short term upside remains intact.
By Mohammed Isah | Aug 27, 2012 | FX Tech Strategy
AUD/USD's fall from 1.0612 extended last week and the development suggests that rebound from 0.9588 has finally finished, ahead of the upper trend line resistance as anticipated. Initial bias remains on the downside this week for lower channel support (now at 1. Break there will affirm this bearish view and should target 1.0176 and below. Meanwhile, break of 1.
Aug 18, 2012 | ActionForex
AUD/USD edged higher to 1.0612 last week but continued to lost momentum and retreated sharply. However, the strong support from 4 hours 55 EMA argues that AUD/USD is not ready to reverse yet. Nonetheless, overall outlook remains unchanged. That is, even in case of another rise, we'd expect strong resistance from upper trend line to bring reversal eventually.
Aug 11, 2012 | ActionForex
AUD/USD jumped further to as high as 1.0580 last week but continued to face resistance form near term channel resistance, which limits its rally. Further rise will remain in favor in near term. However, we'd also like to point out that AUD/USD should face even stronger resistance some upper trend line (now at 1. Hence, we'll now stay neutral. Break of 1.
Aug 04, 2012 | ActionForex
AUD/USD's rally from 0.9588 extended last week and reached as high as 1.0486. Initial bias remains on the upside this week and further rise should be seen towards upper trend line resistance (now at 1. We'll be cautious on reversal signal there. On the downside, below 1.0176 is needed to signal near term reversal, though.
Jul 29, 2012 | ActionForex
AUD/USD's consolidation continued last week but is so far still kept well above 0.9968 support as expected. The bullish outlook remains unchanged. Initial bias remains neutral and more consolidative trading could be seen with risk of another fall. But even in that case, downside should be contained by 0.9968 and bring another rally eventually. As discussed before, fall from 1.
Jul 14, 2012 | ActionForex
AUD/USD surged to as high as 1.0328 last week but formed a temporary top there and retreated. Initial bias is neutral this week for some consolidations. But downside should be contained by 0.9968 support and bring another rise. As noted before, fall from 1.0852 should have finished at 0.9588 already. Above 1.0328 will target upper trend line resistance (now at 1.0717) next. However, break of 0.
Jul 07, 2012 | ActionForex