Market Cap:
$237B
BTC Dominance:
65.61%
btc:
$8,647.84
eth:
$184.19
xrp:
$0.27
Advertise
Forex

21st Oct 2014 AUD/USD Analysis

21st Oct 2014 AUD/USD Analysis

 dollar, AUD, Australian Dollar, AUD/USD outlook, AUD/USD technical analysis, AUDUSD technical analysis, AUD/USD Forecast, Aussie Dollar, Reserve Bank of Australia, AUDUSD analysis, AUDUSD outlook, AUDUSD technical analysis,  AUD/USD analysis, AUDUSD outlook, Glenn Stevens, RBA, U.S Dollar, USD Aussie trades higher against the greenback yesterday as high yielding currencies gain favour, 0.8800 remains the barrier to break.

 dollar, AUD, Australian Dollar, AUD/USD outlook, AUD/USD technical analysis, AUDUSD technical analysis, AUD/USD Forecast, Aussie Dollar, Reserve Bank of Australia, AUDUSD analysis, AUDUSD outlook, AUDUSD technical analysis,  AUD/USD analysis, AUDUSD outlook, Glenn Stevens, RBA, U.S Dollar, USD Symmetrical triangle at the lower tiers of 0.865 saw the Australian dollar consolidating for a breakout

 dollar, AUD, Australian Dollar, AUD/USD outlook, AUD/USD technical analysis, AUDUSD technical analysis, AUD/USD Forecast, Aussie Dollar, Reserve Bank of Australia, AUDUSD analysis, AUDUSD outlook, AUDUSD technical analysis,  AUD/USD analysis, AUDUSD outlook, Glenn Stevens, RBA, U.S Dollar, USD A rejection from the market at 0.8800 yesterday, while a higher low at 0.876 seems to be key to the direction of this pair today

The dollar fell versus higher-yielding currencies as traders speculated on the Federal Reserve’s decision on interest-rate increases amid slowing global growth. Both Australian and New Zealand dollar gained against the greenback after Dallas Fed President Richard Fisher maintains his hawkish stance on rates while Boston Fed’s Eric Rosengren stands firm on the timeline of the QE’s end and his own forecast of the 3% growth by the end of 2014.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Slight Bullish0.8650.870.8740.8800.8850.8900

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.