The AUD/USD starts out 2015 in a position to decline further after a weak close in December. Last month, the Forex pair reaffirmed its downtrend on the monthly chart with its sustained move under the previous main bottom at .8659 and the major 50% level at .8545. Both of these prices are resistance in January. Additional resistance angles come in at .8544 and .8556. The best area to sell on a retracement is the resistance cluster at .8544 and .8545. ...
NZD/USD Holds September Low Ahead of China PMI’s, Fed Doves Fundamental Forecast for NZDUSD: Neutral Price & Time: NZD/JPY Bear Pattern Hangs in the Balance New Zealand Dollar Shows Signs of Turnaround The medium-term outlook for the NZD/USD remains bearish as the Reserve Bank of New Zealand (RBNZ) sticks to a neutral policy stance and retains the verbal intervention on the New Zealand dollar, but the pair may face ...
Aussie Dollar at Risk as US Data, FOMC Minutes Hurt Risk Trends Fundamental Forecast for Australian Dollar: Bearish Lull in Australian Economic News-Flow Puts Spotlight on External Catalysts Upbeat US Data, Hawkish FOMC Minutes to Hurt Aussie Amid Risk Aversion Another quiet week on the Australian economic data front keeps the spotlight on external factors, with the evolving outlook for Federal Reserve ...
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