6th 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 Australian dollar traded lowest last week against the USD at 0.8645, before rebounding from the yearly low of 0.866

 

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 The retracement ended as the downtrend line holds firm

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 failure to breakthrough of the support is expected to see AUDUSD retrace to 0.874

The RBA moves to curb the rise in housing prices has sent hawkish Australian dollar traders running, as the mention of non-interest rate policies cooled their expectations. The Australian housing market has been relatively boosted with its cash rate maintaining at 2.5% for more than a year. Governor Glenn Stevens signaled that he was unwilling to drive house prices higher to speed a reduction in the jobless rate, then at 6.4 percent. The data in mid Sept showed a record 121,000 jobs added in August, driving unemployment down to 6.1 percent.

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Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bearish / near support 0.8575 0.8645 0.866 0.874 0.88 0.885

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