Technical Analysis

AUD/USD hits stops AUD/USD is telling a different story than US equity markets with the pair rising to an 8-day high as the critical zone of support around 0.7000 continues to be a springboard. The rise above 0.7100 and 0.7110 sparked some buy stops in a climb to the best levels of the day. Technically it
The 1.3055-80 is a barometer for bulls and bears The USDCAD is down testing the 100 day MA at 1.3070. That is in the middle of a bull/bear barometer area in the 1.3055-80 area.   The 100 hour MA at 1.3080, the 200 hour MA at 1.3055 and 50% of the move up this week comes
Skeptical on the dollar run higher, but bulls remain in control [embedded content] We didn’t think the US equity market would be thrilled about the buying in Asia and Europe and as the US session got going, those gains were quickly washed away. On the currency front, we remain skeptical the Dollar run can hold