AUD/USD The Australian dollar hasn’t started the new week well falling sharply to below 72 US cents, however yet again this key level kicked in and provided the A$ ample support. This level has been significant for the last several months and continues to play a role. The question will be how much it can …
ASX200 The ASX200 has done well of late to distance itself and move away from the key 5000 level however it remains well within reach. This level continues to loom and is poised to play a role again should the index retreat further. Should the index continues its rally higher then it is likely to …
ASX200 Keeps an Eye on 5000, as AUD/USD Enjoys 0.72 Read More »
Today I was interviewed again by Carson Scott on Trading Day, Sky Business channel on the Australian market, specifically the ASX200 index, the Australian dollar (AUD/USD), and RBA and Fed plans. Specifically I was asked about the recent decline in the ASX200 index and its current significant levels. I mentioned how the 5400 level had …
Live TV Appearance On Sky Business – talking ASX200 Index and AUD/USD Read More »
Australian Dollar Looks Lost The Australian dollar continues to trade within a narrow range between 0.73 and 0.74 where it has mainly loitered for the last month, but interestingly it seemingly looks stuck in no man’s land. It doesn’t know where to turn next. It has depreciated significantly against the US dollar amongst other major …
Australian Dollar Looks Lost as ASX 200 Continues to Struggle Read More »
