Lawrence Villamar

The Aussie bounced well from 1.0100 overnight and this is clearly a sign of strength. A break of 1.0375 is likely to be the next trigger for longs.

Following a slow start to the day in which the Australian Dollar traded as low as 1.0117 against its US Counterpart the Nations Currency came to life in overnight trade, touching briefly on highs above the 1.03 level

Last night’s selldown has left the Aussie in a precarious position as this could be the recommencement of the major downtrend that has dominated trading since early August.

The Australian Dollar initially held up well against its US Counterpart yesterday trading as high 1.0370 late in the Asian Session.

The Aussie continues to look strong with the break above 1.0230 on Friday suggesting confidence on behalf of the market. A break above 1.0350 will be the next trigger for longs, while a pullback to 1.0200/30 will also be seen as buyable

The Australian Dollar rallied against its US Counterpart for a second consecutive week as increased demand for higher yielding assets saw the Aussie Dollar strengthen to an overnight high of 1.0343.

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The Aussie pulled back to 1.0100 before bouncing overnight in a sign of the recent strength seen in the Aussie dollar. Traders will be looking to play the range in the near term with a bias to the upside.

It was a volatile session for the Aussie yesterday after local jobs data came in stronger than expected. Australia’s unemployment rate fell from a 10-month high to 5.2 per cent in September with 20,400 positions added.

We saw a remarkable move in the Aussie overnight with the little battler surging more than 300 pips from the lows. The move was a result of USD weakness and has now brought the AUD/USD up to major resistance at 1.0200. We’d expect a little pullback from this level but the recent price action suggest the bulls are now in charge.

In a survey released by Westpac and the Melbourne Institute yesterday, Consumer Confidence edged up further for the month of October, recording a rise in sentiment of 0.4 percent.

The Aussie’s been unable to break above 1.0000 over the last 24 hours and this level now presents itself as clear resistance.

Continued investor optimism about Europe finding a solution to its debt problems provided support for the Aussie yesterday.

The Aussie surged overnight on the back of Sunday’s French-German announcement. The move brought the Aussie up to 1.0015 and traders will now be focused on this level. A break above 1.0015 will be seen as the next buying opportunity while a move back to 0.9880 could also be seen as a buying opportunity.

The Aussie opens sharply higher today at 0.9950 on the back of news France and Germany have pledged to unveil a comprehensive plan to solve the Euro zone’s debt crisis

Heightening risk aversion has sent the Australian Dollar past yearly lows yesterday as a bank holiday in NSW and the ACT kept local activity pretty thin.

The Aussie was sold heavily into last week’s close and we’ve started the new week on a bearish footing. The pair now looks increasingly like it is producing a bearish descending triangle and this will dominate the market’s view in the near term. A clear break below 0.9900/20 will complete the bearish pattern and trigger new shorts

Ongoing risk aversion and Greenback strength has once again sent the Australian Dollar lower after it tested levels above 99 cents last week.

After gaining considerable momentum throughout the domestic session yesterday the Australian Dollar traded as high as 0.9878 following strong gains on global equity markets as well as better than expected economic data out of the US.

New claims for unemployment insurance in the US (jobless claims) fell by 37,000 in the latest week to 391,000.

US durable goods orders fell by 0.1pct in August after rising by 4.1pct in July. Economists had expected a flat result. Non-defense orders excluding aircraft rose by 1.1pct

The Australian Dollar rallied throu ghout the local Session yesterday with gains throughout Asian Equity Markets providing some much needed support for the Higher Yielding Australian Currency.

It’s a pretty mixed picture across markets with big gains in early trading eroded by large losses towards the end of the session. The major level is 0.9860 and a break below that level will be the trigger for another move lower.

The Australian Dollar breathed a sigh of relief yesterday following a barrage of negative news over the weekend and earlier on this week

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The Aussie found resistance just below 0.9870 on numerous occasions on Friday, but leading into the new week, traders are likely to be a little more cautious. While the bias remains to the downside, the market might take some time to settle this week after a volatile session last week. Traders will be looking for reversal signals between 0.9870 and 0.9930.

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Despite the Australian Dollar losing 5.4 percent against the Greenback last week, the worst since May 2010, the Nation's Currency rebounded on Friday.

The Aussie was forced sharply lower on the back of massive risk aversion and this brought the pair back to support at 0.9700. The market looks to have formed a base around this level and traders will be hoping for a short-term move into 0.9870/930 for a chance at new shorts.