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The global reflation story which has powered equity markets higher, driven Commodity prices up and led to a resurgence in risk appetite may soon reach a climactic end, and this could be a negative for the Australian Dollar.
February 21,2017
GBP/AUD may be forming a triangle pattern as price action consolidates in between two narrowing lines.
February 20,2017
The Australian Dollar is the year’s best performing major currency having advanced by 6.10% against the US Dollar.
February 17,2017
GBP/AUD is probably forming a three-wave pattern called a measured move, otherwise known as an a-b-c-d pattern – of the bearish variety.
February 16,2017
GBP/AUD is currently unfolding in a bearish measured move, also known as an a-b-c-d pattern, lower.
February 13,2017
The Reserve Bank of Australia (RBA) and its governor Philip Lowe have been accused of being overoptimistic in recent commentary, but today’s better-than-expected Chinese data and the bullish AUD/USD chart suggest otherwise.
February 10,2017
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