AUD/USD

ASX200 Continues to Disappoint – Market Update

ASX200 The ASX200 index continues to disappoint. ¬†It continues to trade in a tight range – this week between 5700 and the key level of 5800. I say disappoint because many ‘buy and hold’ people are disappointed the index hasn’t gained this year – it opened the year at 5667 – but also to index …

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AUDUSD Reaches 0.80 – Market Update

ASX200 I am not sure there is much more I can say about the S&P/ASX200 Index. It continues to move between 5650 and 5800 and not do much else. The selling pressure / resistance continues at 5800 and again, with the resistance in place and playing a significant role, the key level of 6000 seems …

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AUDUSD Almost Touches 0.80 – Market Update

I received an email from someone during the week about support and resistance and their application on indices. For many years I didn’t subscribe to the importance of support and resistance with indices because they just track a group of stocks. ¬†Therefore, there are not a bunch of people sitting there waiting to sell the …

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AUDUSD to Eight Month High – Market Update

Finally something has moved with the Australian dollar moving up through the key 0.77 level to an eight month high above 0.7750 and only pips away from its highest level since November 2016. ASX200 To the more boring thing first. The ASX200 index continues to move between 5650 and 5800. The selling pressure / resistance …

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