Oil, Copper fall heavily; likely to influence AUD/JPY in particular


Crude oil prices dipped below $50/bbl for the first time in over 5 years and copper prices also…

AUD/NZD: Pretty clear ‘sell-rally’ play


If the FX market is one big interest rate play, as many would contend, then we should be in the…

RBA: No change in policy or language expected


There is a small chance that the RBA will refer to the possibility of further rate cuts but most…

AUD/NZD: Downside pressure set to intensify


Unconfirmed reports this morning that the Australian government is lowering it's presumed iron ore…

AUD/NZD: Consolidation range 1.09/1.13 still in control


Nice call in AUD/NZD from Morgan Stanley last night to buy the dip ahead of the milk auction, and…

RBA minutes set for release today


The minutes from the November meeting of the RBA will be released at 11.30 am Sydney time and they…

NZD/USD: Price action around .7670 suggests interim base in place


I saw some pretty impressive technical calls on Friday suggesting that an interim base was forming…

AUD/USD: Range trading with bearish bias


Shortish-term resistance now firming at .8650 breakdown level with support near the base of a…

NZD/USD: Bouncing off long-term support at .7680


The NZD/USD did trade marginally below prior weekly lows at .7680 but has now bounced after the…

AUD/USD: Next stop .8050


Congrats to the AUD/USD bears who have cracked a big technical support level at .8645 and will now…

AUD and NZD sitting on big levels ahead of major risk events


NZD/USD: Weekly technical support at .7680; AUD/USD: Sitting presently near .8675 which is where…

AUD/NZD testing strong chart resistance near 1.1300 after RBNZ


The cross has made a big move over the last few hours and selling into resistance levels near…

EUR/AUD: Looking for selling opportunities


I'm not overly sure of my levels just yet as I haven't been trading this pair very actively. The…

AUD/USD: Looking for some range trading opportunities this week


It will be a quiet week for the AUD on the economic calendar and movements will be driven by…

AUD/USD: Sideways pattern likely to break soon


AUD/USD has been trading in a wedge formation all week and the parameters are pretty tight now at…

NZD falls heavily after CPI data


Q3 CPI came in at 0.3% QoQ which was well below expectations. The NZD/USD is 100 pips lower since…

AUD/USD: Cutting long position due to lack of activity


I've been long all week and the market is 30 pips higher! My general market timing has been very…

AUD/USD: Still long- .8850 looks to be crucial level


I'm happy to stick with my long position from yesterday but gains from here through .8850 are…