AUD/USD Recaptured Important Line
February 11, 2011 | admin News, Strategies, Training
AUD/USD managed to reconquer an important line that served as resistance, and it now settles above it, as risk appetite is back in town. How will it close the week? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Thursday session: The Aussie managed to break higher, settling above 0.9863. Current Range: [...]
Bounces Off Trend Line
February 11, 2011 | admin Strategies, Training
GBP/USD (a 4-hour chart of which is shown) as of Wednesday (11/17/2010) has retraced back down to and tentatively bounced up off a key uptrend support line extending back to the early September low. This uptrend line has been touched at least three times prior to yesterday’s and today’s tentative bounce. The corrective descent down [...]
Dull dollar day
February 11, 2011 | admin News, Strategies, Training
EUR/USD saw a bit of short-covering late in the European session, rising briefly to the 1.3566 level before slipping back to opening level right around 1.3520. It was one of the quietest days in weeks. USD/JPY slipped back after the Fed bough about $8 bln in longer-dated (out to 10-years) coupons which briefly knocked yields [...]
