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    • Ssm replied Mar 12, 2014

      IMO, I see several resistance above, near resistance being .8950s and major resistance at .8980s. Use higher timeframe and you will know why. At this moment, any slight rallies will be deemed as opportunity to sell.

      AUD/USD
    • Ssm replied Mar 7, 2014

      image No arguement needed IMO my friend. It can be easily seen that AUD currently is meeting resistance. This SR line will be critical to decide if the pair will go higher or dip down to where it came from.

      AUD/USD
    • Ssm replied Mar 7, 2014

      Currently price capped by .9130, which is a former SR line. Chinese data over the weekend. I am expecting Chinese trade balance to be lower due to the Chinese Golden week holidays in Feb.

      AUD/USD
    • Ssm replied Mar 6, 2014

      Australia is in Asia, it couldn't compete against other Asian countries in terms of manufacturing due to its high labour cost. Australia is better off in its service industry and tourism and foreign inward investments might be key.

      AUD/USD
    • Ssm replied Mar 5, 2014

      China had their golden week holidays during the 1st 2 weeks of Feb, therefore there might not be much trade orders. Trade balance might be down for Australia I guess.

      AUD/USD