Daily Forex Signal: AUD/USD Has Upside on Risk Rally
June 13, 2010 at 20:37 UTC || By Forex Playmaker
The Australian dollar has room to run against its US counterpart, should the rally for risk sustain in the days ahead. Last priced at 0.8555, the AUD/USD is trading just above a key resistance level, which may signal some upside in the the very near-term. The open of trading in London will be especially important… Continue Reading
Daily Forex Signal: EUR/AUD Set for Next Big Move
June 7, 2010 at 19:53 UTC || By Forex Playmaker
Three weeks ago, the euro began an unprecedented move against the Australian dollar. Over a 4-day period, the EUR/AUD surged from a low of 1.3982 on May 17 to a high of 1.5457 on May 20. Since then, the pair has retreated dramatically, though it may be setting up for another big move in the… Continue Reading
Daily Forex Signal: AUD/USD Has Room to Fall
June 6, 2010 at 21:46 UTC || By Forex Playmaker
The Australian dollar remains exceptionally weak against the US dollar and appears to have significant downside remaining. Last priced at 0.8120, the AUD/USD will soon test its May 21 lows near 0.8070, which the pair failed to breach on May 25. Based on the present rate of decline — and growing aversion to riskier assets… Continue Reading
Daily Forex Signal: EUR/AUD Making a Move Lower
June 2, 2010 at 19:18 UTC || By Forex Playmaker
The euro is trading lower against the Australian dollar in early Asia trading, breaching the lows made during the US session just minutes ago. The pair continues to retrace ground from the mid-May surge, when the pair traded nearly 1500 pips higher over a 3-day period. Last priced at 1.4540, the EUR/AUD is positioned to… Continue Reading
Daily Forex Signal: Buy EUR/AUD
May 24, 2010 at 21:39 UTC || By Forex Playmaker
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Daily Forex Signal: Short AUD/USD
May 12, 2010 at 18:44 UTC || By Forex Playmaker
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Daily Forex Signal: Buy AUD/NZD
May 9, 2010 at 22:09 UTC || By Forex Playmaker
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