USDCAD, AUDUSD - this way - page 6
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20:41
MARKET TALK: New Zealand and Australian dollar strengthen on risk appetite
22:16
MARKETSHIP: Australian dollar trades at highest levels since May
23:01
MARKETSHIP: Australian dollar's strength is surprising
01:31
*Australian export price index in Q2 +16.1% q/q
01:31
*Australia's Q2 import price index +1.9% q/q
02:30
NYMEX oil rises on Thursday amid tropical depression and rising stock markets
Expect further upside.
100p passed the next target is 0.91.
"The biggest increase in buying against the US dollar was recorded for the Australian dollar. An increase of $800 billion, along with a rise in open interest to 41.0, indicates that investors are very interested in buying income assets that are directly related to economic growth rates. For the New Zealand dollar and Mexican peso, open interest was 48.2% and 49.8% respectively, reflecting continued downside risks. The Canadian dollar failed to strengthen due to an interest rate hike and a reduction in long speculative positions. "
The Aussie is having a hard time falling.
Australian - went - now won't come back.
AUD/USD, H1
The Australian dollar corrected from 0.9070, approaching the support line of the long-term uptrend. A tentative, short-term resistance line has also been constructed, which allows us to see the end of the correction in case the growth resumes. In the long term, continuation of growth in the long-term uptrend should be expected.
Indicators are in the sell zone.
Forecast for the continuation of growth on a long-term trend.
Wave forecast
"The Australian dollar continued to strengthen against the US dollar in the first half of the day, with the pair setting a high at 0.9068, coming as close as possible to two-month highs. In Asian session trading, the exchange rate corrected to 0.8922. We believe that the formation of the wave "4" has been completed. We expect the rate to grow above the level of 0.9068. The nearest target is the figure 91. According to the scenario, the trading will proceed under the conditions of formation of the final wave "5" in the impulse "(3)" of the higher time level wave "3". Otherwise, we should expect a breakdown of the trend line and a fall of the rate towards the support level of 0.8631. We recommend buying the Australian dollar from the current values with profit taking targets above 0.9068. The first signal to sell will be the price overcoming of the trend line, followed by the breakdown of support at 0.8860.
The outlook is for an uptrend."
AUD/USD, H1
The Australian dollar corrected from 0.9070, approaching the support line of the long-term uptrend. A tentative, short-term resistance line has also been constructed, which allows us to see the end of the correction in case the growth resumes. In the long term, continuation of growth in the long-term uptrend should be expected.
Indicators are in the sell zone.
Forecast for the continuation of growth on a long-term trend.