We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Is this Australian Dollar Rally the Real Deal? Probably Not

Is this Australian Dollar Rally the Real Deal? Probably Not

2014-03-25 15:00:00
David Rodriguez, Head of Product
Share:

- Australian Dollar trades at critical resistance, fails to break higher

- Strong disconnect from Gold prices warns Aussie$ rallies may be at risk

- Sharp shift in retail FX sentiment warns we’re at make-or-break levels

The Australian Dollar trades at critical trendline and moving average resistance versus the US Dollar. But key FX correlations suggest it will run out of steam.

Follow any updates on the Australian Dollar and other currencies via the DailyFX Forex Realtime News Feed, and sign up for research via e-mail via this author’s distribution list.

Forex Correlations SummaryView forex correlations to the S&P 500, S&P Volatility Index (VIX), Crude Oil Futures prices, US Treasury Yields, and Spot Gold prices.

forex-trading-Australian-Dollar-forecast-to-stall-at-critical-resistance_body_Picture_5.png, Is this Australian Dollar Rally the Real Deal? Probably Not

Data source: Bloomberg. Chart source: R SEE GUIDE ON READING THE ABOVE CHART

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.

Contact and follow David via Twitter: https://twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.