AUD/USD

Live TV Appearance on Channel News Asia

I appeared on Channel News Asia again this morning at 6:20am SGT, via Skype.  My questions and my responses in the form of brief notes are below: Q1. Global equities are poised for the worst quarter since 2011. Will the fourth quarter be any better? You would certainly think so.  You only have to go …

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AUD/USD Drifts Below 0.71 After Resistance from 0.72

The Australian dollar has tumbled below US71c in offshore trade as a broad commodities sell-off afflicted the local currency. At 7am (AEST), the unit is trading at US70.91c, down sharply from US71.52c yesterday. The currency dipped as low as US70.56c, before gaining ground near the end of the US session as stocks pared losses. The …

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AUD/USD Struggles with Resistance at 0.72 as ASX200 Needs 5000

AUD/USD The Australian dollar continues to struggle with the current key level of 72 cents as it has been pushed away again by a glut of supply. It has formed a couple of classic reversal patterns on the daily chart (image below) with a doji followed by a pin bar. Both of these represent weakness …

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