Tag - aud - australian dollar

May 12: cautious market
May 12: cautious market

Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.

May 7: risk off
May 7: risk off

The market is submerged into an overall risk-off mood, with the AUD getting strong on recovering China and the GBP boosted by the BOE announcements, while the USD and the EUR are weak.

AUD/NZD formed a top
AUD/NZD formed a top

AUD/NZD formed a “shooting star” candlestick on the W1. The pair ran into the resistance line from the 2018 highs and failed to close above the 200-week MA at 1.0650.

April 27: Risk on
April 27: Risk on

The market starts the week with risky appetites: the AUD and the NZD rise, in line with the GBP/USD and the EUR/USD.

GBP/AUD: bearish reversal
GBP/AUD: bearish reversal

GBP/AUD has breached the support line from August 2019. What is happening at the chart looks like a pretty big change.

AUD: the MAs pincers
AUD: the MAs pincers

The Australian dollar's price performance against the USD and JPY offers an interesting chart formation. Where does it go?

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