> AUD/USD The Australian dollar is remaining resilient holding onto 69 US cents as seemingly everything around it is falling sharply. For some time the 69 and 70 US cents levels have been significant and have supported the local currency several times in the last few months. Over the last couple of weeks however the […]
AUD/USD Back Above 0.69 Despite Air of Inevitability Read More »
AUD/USD The Australian dollar has fallen sharply overnight as concerns grow over China’s economic outlook. The PBOC setting the currency’s reference rate at a weak level sends a shockwave through markets similar to August 2015 when China devalued their currency last time. The previous support level for the Australian dollar at 72 cents was no
Thanks to China, AUD/USD Now Eyeing Support at 0.70 Read More »
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
AUD/USD Remains Supported by 0.72, For Now … Read More »
I have just returned from a very special holiday in the Maldives – it was incredible and an experience I will never forget. I have shown you a photo of myself in our plunge pool. I didn’t look at the markets and it was a great break away from it all. I think all traders
Consider Taking a Break Read More »
