Australian dollar has corrected from its high of 1.1078 level, this level was the highest level of decade. We have seen AUSUSD pair correcting from the 1.1078 level to 0.9926 level, this correction has made good buying opportunity in the forex market. As the global meltdown was another issue which created global demand for USD in market and the selling in other currencies. Also we have noticed ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 27 July 2011: Buy AUDUSD above 1.0995
AUDUSD pair is trading at highest level of decade and this is due to the data that was released today morning. We have seen the inflation in Australian economy was reported higher than expected, so this inflation may result in further interest rate hike. That is why we have seen this bounce, also the weak USD can be held responsible for the surge in the AUD price. So traders will be looking for ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 4 July 2011: Buy AUDUSD above 1.0705
AUD is highest interest yielding free float currency available today, this is one of the successful carry trade to hold the AUD with a low yield currency such as USD, JPY or CHF. Intraday trading analysis (tips) for AUD/USD 4 July 2011, we recommend, Enter buy AUDUSD above 1.0705 for target of 1.0755 and 1.0785 also place protective stop loss below 1.0685. Reason to trade AUDUSD long: The AUDUSD ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 22 June 2011: Buy AUDUSD above 1.0575
Intraday trading / technical analysis on AUD/USD 22 June 2011, we recommend, Enter buy AUDUSD above 1.0575 for target of 1.0625 and 1.0665 also place protective stop loss below 1.0555. Reason to trade AUDUSD long: The AUDUSD pair is always the first choice for the carry trade as the interest rates are very high in Australian economy. For long term we are always looking for buying opportunity in ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 16 June 2011: Sell AUDUSD below 1.0565
Reason to trade AUDUSD short: The AUDUSD pair has always attracted the investors for the carry trade as the interest rates are very high in Australian economy. For long term we are always looking for buying opportunity in this pair as long it stays above 1.00 level. But for intraday trading we will be looking for selling opportunities in this pair as long as this pair remains below 1.0585 level. ... [Continue Reading]
