AUDUSD & NZDUSD Meet Major Supports

(Click on image for larger view) Hi All, This is just a quick update on the AUDUSD and NZDUSD. As shown above, the Aussie is currently testing a major support level around 0.94. The last time price tested this support was in Oct 2011. Let’s see if it still holds. (Click on image for larger…

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Weekly Commentary: 2nd June 2013

Previous weekly commentary: Commentary on 26th May 2013 Hi Readers, USD Index broke out of consolidation and it is looking to continue south in the near term. Price looks like it is in correction mode as it has been in a healthy uptrend since early March. With Non-Farm Payroll this coming Friday, I look forward…

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Weekly Commentary: 12th May 2013

Previous weekly commentary: Commentary on 5th May 2013 Hi Readers, The USD index is now officially in a range market. Of course, price could continue north and start trending again. In line with my commentary last week, there is no convincing price action yet and, hence, I now hold a neutral view. The start of…

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Weekly Commentary: 14th Apr 2013

Previous weekly commentary: Commentary on 07 Apr 2013 Hi Readers, As mentioned last week, I was expecting the USD index to close lower – and it did. At the moment, it looks like there is  room for the dollar to go further lower, with the next major support level being around $81.50. Let’s see if the…

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NZDUSD – Kiwi Running North?

(Click on image for larger view) Hi All, Just a quick update on NZDUSD. This pair has tested the long term resistance level (around 0.846) several times now and even made a false break in Feb (see article).  Also to note, price has been cycling in a very nice upward channel which show good healthy…

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NZDUSD – Kiwi Short Continuation

(Click on image for larger view) Hi All, Just a quick update on NZDUSD. AS mentioned on the 17th Feb (see article), there was a false breakout off the resistance around 0.846. Price continued to drop and it broke below the trend line with a strong bear bar. My bias is a short continuation from here.…

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Weekly Commentary: 17th Feb 2013

Previous commentary: Commentary on 10th Feb 2013 Hi Readers, The USD index is still crawling higher and it closed the week at $80.5. As mentioned last week, I’ll need price to move above the short term $81 resistance level before I get a strong confirmation that the bears have lost the battle. Meanwhile, I’ll see how…

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NZDUSD – More Bulls in the Kiwi?

(Click on image for larger view) Hi all, Just a quick update on the NZDUSD as I’ve been watching this pair for awhile now. Although there is a long term ascending triangle, the shorter term upward channel (Green arrows) looks pretty bullish. It’ll be nice if we get a clean break above the current resistance – around…

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Weekly Commentary: 20th Jan 2013

Previous commentary: Commentary on 13th Jan 2013 Hi Readers, The USD index made a turn around and started heading north at the start of the week. I have a very slight long bias because of the new higher low (bar on 14/1) and higher high (bar on 4/1). Irrespective of that bias, the index has definitely…

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Weekly Trade Commentary: 30th Dec 2012

Related article: Commentary on 23th Dec 2012 Dear Readers, In line with last week, the USD Index continued its pullback since the bounce off the $79 level.  With Christmas and Boxing day in the middle of the week, market has been thin as expected. The following is my short watchlist for some longer term potentials…

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