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Market Recap: 12 - 16 August

 

 
On Tuesday last week we covered the AUDUSD which spent the rest of the week resting on a new support level at 0.6750, after dropping through to a 2019 low below 0.67 two weeks ago. In the two weeks prior, the AUDUSD fell sharply from above 0.7050 down to the support level at 0.6850 before continuing to decline down to 0.6750.
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Australia Employment Change

Today at 2:30am UK time. Australia Employment Change measures a change in the number of officially employed Australians in the reported month, and is a sign of a stronger labor market and can be seen as positive AUD. F:26.8K, P:0.5K. #AUDUSD may test 0.6850.

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AUDUSD - Settles Around 0.6750 after RBA Pause on Rates

 

 
In the last week or so the AUDUSD has rested on a new support level at 0.6750 even though it fell through down to a 2019 low below 0.67 a few days ago. In the two weeks prior, the AUDUSD fell sharply from above 0.7050 down to the support level at 0.6850 before continuing to decline down to 0.6750. Having provided solid support over the last three months, the 0.6850 level may now offer some resistance should the AUDUSD rally.
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Reserve Bank of Australia (RBA) Interest Rate Decision

Today at 5:30am UK time. RBA Interest Rate Decision is one of the key instruments of the national monetary and credit policy, and the releases contain announcements of interest rate and explanations to the bank's decision. F:1%, P:1%. #AUDUSD may test 0.6850.  

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Valutrades Market Blast Fundamentals 5 August 2019

Welcome to this week’s Market Blast Fundamentals where we will look at the Hong Kong 50 Index, NZDUSD, AUDUSD, the Japanese Yen (JPY) and Gold (XAUUSD).

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Market Recap: 29 July - 2 August

 

 
On Tuesday last week we covered AUDUSD which spent the remainder of the week falling sharply down to its lowest level for this year around 0.6750. This simply continued the strong fall from above 0.7050 however many would have considered the 0.6850 to offer strong support like it has had done on two occasions is as many months. It was only a week earlier that the AUDUSD surged strongly back up to the current key level of 0.7050 as it then looked poised to threaten this level and possibly move higher.
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Valutrades Market Blast Technicals 30 July 2019

Welcome to this week’s Market Blast Technicals where we will look at EURUSD, USDCAD, USDJPY and AUDUSD.

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AUDUSD - Eyes off Support at 0.6850 as RBA Commits to Low Interest Rates

 

 
In the last week the AUDUSD has fallen sharply from above 0.7050 down to a five week low near 0.69, as it has its eyes firmly on the solid support level at 0.6850. It was only a week earlier that the AUDUSD surged strongly back up to the current key level of 0.7050 as it then looked poised to threaten this level and possibly move higher. Two weeks earlier it tested the level as it reached a seven week high on the back of a steady climb higher over three weeks as it moved from support at 0.6850. This level has helped prop up the currency pair twice in the last two months and is close to being called upon again to support the AUDUSD.
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Valutrades Market Blast Technicals 23 July 2019

Welcome to this week’s Market Blast Technicals where we will look at Gold (XAUUSD), EURUSD, USDCAD, USDCHF, AUDUSD and NZDUSD.

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Market Recap: 15 - 19 July

 

 
On Tuesday last week we covered the AUDUSD which surged higher during the week to reach a three month high near 0.71 before easing lower to finish the week. In the last week or so the AUDUSD surged strongly back up to the current key level of 0.7050 and it looked poised to threaten this level and possibly move higher, which it eventually did. Only two weeks ago it tested the level as it reached a seven week high on the back of a steady climb higher over three weeks as it moved from support at 0.6850.
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